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DALLAS-The pack of "bread and butter" deals end with two 12-month renewals and one five-year contract. Trainor Glass holds tight to 20,380 sf in Dallas while the other two tenants keep a Great Southwest building at 85% leased.
LOS ANGELES-SVPs William DuBrowa and Allen Afshar join the company's Southern California Investment Services Group, which now numbers 15. The multifamily sales team will be based in the Downtown LA office.
ARLINGTON, TX-An Edina, MN, buyer uses 1031 Exchange funds, equity investors and a loan of more than $10.2 million to buy the 93%-leased Calais Apartments in Arlington. The 10-year loan, with a sub-5% fixed interest rate, closed in just 34 days.
ATLANTA-B. Michael Merritt, president and CEO of the 78-year-old company's construction subsidiary, Abrams Construction Inc., resigns after the locally-based real estate investment and development company probes job-bidding irregularities.
ATLANTA-The locally-based REIT pays Atlanta developer Griffin Co. $10 million, or $198.41 per sf, for the third and final 50,400-sf phase of the three-building, 289,000-sf Mount Vernon Place corporate campus leased to Internet Security Systems Inc.
HOUSTON-A year of weighing options, leased and build-to-suit, ends as the Paris-based Schlumberger puts pen to paper for another long-term commitment to keep its name on the 450,508-sf building at 5599 San Felipe Dr.
LONDON-Chelsfield has confirmed that German open-ended fund CGI is interested in financing the development of the pounds 1.5 billion ($2.5 billion) White City development
CHICAGO-Latham & Watkins expands by 22,000 sf, with the law firm now the seventh-largest tenant in the building at 135,000 sf. Salomon Smith Barney also renews an 18,483-sf lease, part of an 83,000-sf block it has at 233 S. Wacker Dr.
SAN DIEGO-San Diego County remains one of the healthiest regions in the state when it comes to the issue of employment, according to a recent report issued by the State of California EDD that ranks the county as number six statewide.
LONDON-The Court of Appeal has cleared the way for a pounds 1 billion ($1.64 billion) extension to London Underground. Prince Charles was one of the protestors