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COSTA MESA, CA-Universal Motion Components takes over a 52,493-sf building that was leased to Fed-Ex for 16 years. A renovation will tweak the design for a headquarters and main distribution facility.
ALISO VIEJO, CA-The deal is one of the largest apartment sales in Orange County in the past year, according to Jim Ferris, one of two Marcus & Millichap brokers who negotiated the sale. The transaction closed at just under a 6% cap rate.
FORT WORTH-The Las Vegas buyer puts up $750,000 in cash for the brand-new, 8,002-sf store in southwest Fort Worth. The corporate-leased sites are selling before they're built because of the appeal to investors with less than $1 million to spend.
ORLANDO-The Fairfield, NJ-based national commercial vehicle-cleaning company sets up its first Orlando division at 1807 Premier Row, Orlando Central Park, in south Orlando, occupying the entire building which is owned by Atlanta-based Camp Investments LP.
LOS ANGELES-The Los Angeles, Orange County and Inland Empire retail markets all place in the Top 10 nationally, according to a new report by Marcus & Millichap. LA and Orange County climb a rung, but the Inland Empire slips a couple notches.
MIAMI-The submarkets, named in a newly released Codina Group Inc. report, include Southwest Broward; Delray Beach, Jupiter and Royal Palm Beach/Wellington in Palm Beach County; and Airport West in Miami-Dade County.
CARTERET, NJ-Exit 12 of the toll road, which serves this city and the nearby Linden and Elizabeth, has long been considered one of the most congested, and the Turnpike Authority hopes its project will ease the problem and spark new development.
PHOENIX-Keith Earnest, Jeff Roberts, Alan Torvie and Daniel T. Haug climb rungs on the corporate ladder. Earnest and Roberts are made VPs while Torvie is named senior director of construction and Haug corners a VP and general counsel title.