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PHOENIX-The California seller gives the nod to a Phoenix couple, who offered hands-on management along with 1031 Exchange capital rather than take an offer from one of the several California buyers who made a run at the multifamily deal.
DALLAS-Mike Hardage is closing the books on a near five-year career at Trammell Crow Co. in an exit that coincides but isn't tied to a series of personnel changes at the firm. It's time for a change, says the director of investment services.
LONDON-BAA Lynton, the commercial property division of airport operator BAA, has appointed Insignia Hotels to advise on the selection of an operator for its new 600-bedroom four star-plus hotel at Terminal 5, Heathrow Airport.
HOUSTON-Colvill Office Properties gets the leasing assignment in a transfer of duties rather than a competitive face-off. The 85%-leased portfolio consists of Post Oak Tower, Galleria Financial Center and 2700 Post Oak Blvd.
ORLANDO-Small bay warehouse space is just what Orlando-based Masco Contractor Services Central Inc. was looking for. The firm first found 22,500 sf at Monroe Commerce Center South in suburban Sanford, FL; then went back three weeks later to lease another 10,000 sf.
PHOENIX-Resolution Copper Co. spends $22 per sf for 4,054 sf at the Biltmore Pavilion as it proceeds with talks to acquire a Superior mine, believed to be one of the largest copper deposits in the world.
LOS ALAMITOS, CA-Real estate investment manager Rreef has disposed of a nine-building industrial and office park totaling 124,735 sf. The buyer gets a 92%-occupied asset and its first block of office product for the portfolio.
LONDON-BAA Lynton, the commercial property division of airport operator BAA, has appointed Insignia Hotels to advise on the selection of an operator for its new 600-bedroom four star-plus hotel at Terminal 5, Heathrow Airport.