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FONTANA, CA-Diversified Partners of Irvine pays $14.8 million for the Palm Court at Empire Center while Oakland-based Kaiser Foundation Health Plan spends $1.7 million for a freestanding building in the center in a splitting of 266,000 sf.
CANTON, MA-Cumberland Farms, a locally based convenience store petroleum marketer, expands its branded retail petroleum business in the Northeast by acquiring 200 Exxon-branded service stations from ConocoPhillips.
GROVELAND, FL-The Florida Department of Community Affairs nixes the planned annexation of 2,600 nearby acres for 3,000 new homes and commercial space, claiming the development would lead to urban sprawl.
CARSON, CA-William T. Huston steps down as chairman after transforming the former agricultural and oil business into one of the region's largest real estate development and investment operations. The new leader will be selected this month.
MILFORD, CT-A $5.2 million acquisition loan was arranged for the purchase of 670-680 Boston Post Road, two, three-story multifamily and retail buildings. Holliday Fenoglio Fowler LP arranged the financing for 670 Milford Realty.
HOUSTON-Two renewals and two new deals close off space in four Houston submarkets, with the northeast sector cornering the largest closing. DHN Enterprises, a 10-year tenant, holds tight to 25,000 sf.
SAN DIEGO-San Diego Mayor Dick Murphy has recently appointed William Jeffery III to the advisory board, which makes recommendations to the mayor and city council on stadium-related matters.
OAKLAND, CA-The Oakland-based Hotel Employees & Restaurant Employees International Union Local 2850 questions related party transactions at La Quinta, CA-based KSL Recreation, a company with which it is in labor negotiations.
WATAUGA, TX-The Watauga Pavilion development heads to the lender for capital infusion to ensure a grand opening in February 2004. The national roster is steadily growing, with pre-leasing now at 150,000 sf due to the newest deals.
SAN DIEGO-The sale of large San Diego apartment properties has begun to cool somewhat, with a drop in the number of transactions involving 100 units or more in this year's first quarter, according to recent research.