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FORT WORTH-Granite Properties ends a year of negotiations with Seefried Properties for land south of the Dallas-Fort Worth International Airport to complement a soon-to-rise project to the north in a build-out plan for an "airport concentric" strategy.
LAGUNA HILLS, CA-The firm of A-Mehr Inc. pays $180 per sf for the Mill Creek Drive address in Laguna Hills with 1031 Exchange money. The firm will be moving at the end of the month from a 1,400-sf office building in Orange.
LAKEWOOD, CA-PS Business Parks, a Glendale REIT, sells the 52,828-sf property to a private investor from Newport Beach. The seller's regional leasing office anchors the 90%-occupied office building.
HOUSTON-Toyota Lift, a dealer of forklift trucks, takes 52,940 sf in three warehouses in the northeast submarket while Drill Motor Services reserves a 16,800-sf warehouse along Interdrive West.
SOMERVILLE, NJ-The New York-based Dancker, Sellew & Douglas, which traces all the way back to 1829, is using the location as a combination of offices and asset management space.
RICHMOND, VA-Stony Point Fashion Park is not scheduled to officially open until September, but leasing for specialty retail space in the $120 million upscale shopping center is already at 90%. Approximately 300,000 sf of the 690,000-sf open-air mall is designated for specialty retail occupants.
RANCHO BERNARDO, CA-LOMCO Corp. lands the fixed-rate, 10-year loan through Freddie Mac, allowing the company to refinance its La Terraza Apartments property in Rancho Bernardo. The owner plans to hold the 402-unit multifamily asset as a long-term investment.
AUBURN HILLS, MI-The finance arm of General Motors and a software developer are major tenants of three-story Koll Corporate Center, which was developed two years ago.
OAKLAND, CA-The commercial real estate brokerage that recently called off merger talks with CB Richard Ellis has inked a lease deal for space on the 14th floor of 555 City Center, the newest office building in Downtown Oakland.
DETROIT-A large property in the city suffering because of falling attendance during events, and lost development proposals; authority promises to make site attractive for 11 months of the year.