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OCEANSIDE-The California-based general partnership Greene & Greene purchases the 6,877-sf facility in an investment acquisition from Genesis California Properties LLC.
DENVER-An accounting and consulting firm, a sporting goods manufacturer, and a residential mortgage company have all taken Mack-Cali space in recent leases in metro Denver .
CHICAGO-CB Richard Ellis Inc. notes vacancy across suburban markets has risen three percentage points in the past year. Northern Cook and Lake counties boast the healthiest office submarket. The I-88 Corridor has been the busiest in terms of sales.
FORT MYERS, FL-The engineering, planning and surveying firm is moving its location here to within the park, which is planned to have two other buildings and total a little less than 28,000 sf.
LONDON-Development Securities has secured an option to buy 10 St Bride Street in Blackfriars, near the City of London, at any time in the next five years. It could build 50,000-sf there to add to its nearby 100,000-sf Black Friars Court scheme
DENVER-Two separate reports show the commercial real estate market in Colorado is still active and going strong. Cushman and Wakefield has pegged the Interstate 25 corridor north of Denver as a hot spot for commercial development. Meanwhile, according to CB Richard Ellis' most recent report, the south Denver office market is sizzling.
FAIRFAX, VA-In a deal reportedly valued at approximately $54 million, ownership of the WillowWood Plaza III and IV buildings changes hands from Lord Baltimore Properties to an affiliate of RKB Washington Property Fund I LP. The two five-story structures are fully leased and account for 280,000 sf of class A office space.
SEATTLE-Escrow Partners was formed in 1996 by Mike Stevens and Debbie Stevens, both of whom have accepted employment with The First American's Talon Group and will continue to oversee day-to-day operations.
MIAMI-The buyer, Lejeune Airport Park Suites Inc., plans to develop the land, and a hotel is a primary possibility, according to the broker involved in the sale. Meanwhile, the sale of the entire Venamerica Property has meant a nearly 100% return on equity for the seller, Venamerica Florida LLP.