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WILMINGTON, DE-Efforts to develop the highly underutilized south side of the Christina River materialize in the form of Christina Landing, a $60 million mixed-use complex that will border the waterfront.
VALENCIA, CA-Leggett & Platt will move from 38,000 sf elsewhere in Valencia in a five-year deal at Commerce Center Business Park. Move-in is expected soon to the single-story industrial site along Commerce Center Drive.
BREA, CA-The convenience chain renews its lease for six years, with the new term kicking in when the old one expires. The renewal, though, cuts 5,000 sf from the 30,610- sf office in the former bank headquarters.
OKEMOS, MI-American Equity provided $4 million in funding for Woodlands Office Park, a three building single-story office park, all 100% leased to business and medical professionals.
LIVINGSTON, NJ-The activity comes at the company's Eisenhower Plaza, a two-building, 160,000-sf office complex. The lease renewals total some 26,000 sf.
BEDMINSTER, NJ-As part of a restructuring, the moves include several executive promotions and the addition of a well-known real estate exec-Bob Martie-to the owner/developer's top ranks.
COSTA MESA, CA-The seven-story, 38,500-sf building is sold to a local investor by Scott Burnham of Burnham USA Equities Inc. A CB Richard Ellis broker says the property would be hard to duplicate.
BOSTON-Vacancy in the Central Business District stands at 12.2%, according to Grubb & Ellis, but sublease space adds another 5.5 percentage points to the total. Vacancy could crack 20% in the next year, the firm warns.
SAN DIEGO-Groundbreaking has just kicked off on the Trellis Fifth Avenue residential development, but all of its 149 planned condominiums are already reserved.
FRANKFORD TOWNSHIP, NJ-The $50 million dollar development will include a 303,500-sf outlet center located on 45 acres in an area called Ross's Corner at Highway 206 and Route 564.