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BOCA RATON, FL-Fitzgerald previously owned and managed a wicker and teak furniture manufacturer, but now will focus on commercial real estate sales and leasing in Palm Beach County with Stagman Commercial Real Estate Advisors, which was formed in December.
SAN DIEGO-Cruzan / Monroe, through its affiliate Sorrento Pines LLC, acquires the 115,000-sf business park from Westcore Industrial Properties. Located at 4108-4122 Sorrento Valley Blvd., the project is currently 50% leased.
ATLANTA-The suburban Atlanta county receives high marks for managing its swift population increases as it prepares to invest proceeds from a $15.5 million bond issue to buy land and build a new Juvenile Justice Center.
RARITAN TWP., NJ-Presco Food Seasonings is adding 20,000 sf to its existing 50,000-sf headquarters and manufacturing plant in a project being done by J.G. Petrucci Co.
SANFORD, FL-The developer plans to break ground in September on an estimated $36 million enterprise that will include a 62,660-sf conference center; and two six-story buildings with retail and other commercial space.
CHICAGO-With another 4.3 million sf leased in April and May, Equity Office Properties Trust continues its pace set in a record-setting first quarter, when 7.7 million sf in deals were signed. "The wild card, however, continues to be early lease terminations," warns financial officer Marsha Williams.
LOS ANGELES-A Santa Monica buyer purchases an empty eight-story office building from a New York owner. LAX Enterprises will office in part of the building, set aside a section for storage and lease the balance.