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DENVER-Walter Rakowich, CFO of the behemoth industrial REIT, is bullish on its future, in spite of first-quarter 2003 numbers that weren't as strong as last year's. He notes that major long-term expansion for ProLogis lay in China and, less expectedly, Japan.
HOUSTON-The shipper stays put in the wake of merger talks, signing short-term pacts for industrial buildings in the northwest and far southeast submarkets. The shipper shopped, but then the talks began with DHL.
PENNINGTON, NJ-Buyer MBHK picks up the two-building, 30,000-sf Pennington Point, which is tenanted mostly by small medical offices, financial services and law offices.
FORT LAUDERDALE-Robert Fernandez and Ken Miggins both have the title of senior preconstruction manager for the company based here. They will manage, coach and mentor workers in the Preconstruction Group while continuing to have hands-on involvement.
WALTHAM, MA-Eastport Real Estate Services Inc. purchases 60 Turner St., a 15,867 sf three-story, class-B building, for $1.3 million from Archon Atlantic. The property is Eastport's fourth acquisition in the Waltham market.
SAN DIEGO-The proposed East Village Square master plan is going back to the drawing board, as Mayor Dick Murphy and the San Diego City Council want a larger community park in the mixed-use development.
CARROLLTON, TX-BRW Paper Co. and Partners Converting go hand-in-hand when it comes to locations. Both have left Distribution Way, grabbed a combined 48,600 sf of extra space and signed the line for a total 93,451 sf in a Bradley Lane distribution center.
BROWNSVILLE, TX-CBL & Associates assume $40 million in debt to acquire the 740,000-sf Sunrise Mall and 225,000-sf Sunrise Commons shopping center from a joint venture of Dillard's and Dallas' MGHerring Group.
MT. LAUREL, NJ-Metro Commercial Real Estate is teaming up with the Baltimore-based Daniel Group to provide services to property owners looking to change directions with their shopping center assets.