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RANCHO SANTA MARGARITA, CA-A coffee distributor spends $1.8 million for an industrial building in Brookhollow Business Park while an electronics firm puts up $1.3 million for a property in Fairbanks Business Park.
CHICAGO-Advocate Health and Hospitals Corp. will continue to occupy 44% of the 141,760-sf building at 3000 N. Halsted St., where median family income is in the low six figures.
MORENO VALLEY, CA-A Laguna Beach buyer acquires the Parkside Apartments from a Canadian investor, WRE Development. The deal reflects the continued momentum in the Inland Empire's multifamily market.
DALLAS-Eric Langford wins the senior vice president's job in a face-off with several leading professionals. As he guides the team for a Texas expansion, Langford too will be pounding the pavement to "hunt out" opportunity hotspots.
MORRIS PLAINS, NJ-Most of that money will be spent at its consumer products campus here, but one of merger partner Pharmacia's major locations will go on the market and another could follow.
OXNARD, CA-Prominent local developer Martin Teitelbaum will build two multi-tenant buildings for sale or lease through a partnership, Oxnard Maritime Ltd. Ground breaks in the summer on a two-building, 43,000-sf project in the Channel Islands Business Center.
FORT LAUDERDALE-Union Bank of Florida is providing the financing, which was arranged by Shannon G. Rex of Dockerty Romer & Co., for the seven-unit, three-story, approximately $3.5 million project planned here.
CHICAGO-Skokie-based U2P Properties, Inc. will acquire the former Gerri's Palm Tavern at 446-48 E. 47th St. from the city for $58,500, and combine it with its property next door in a $580,000 project aimed at bringing night life back to a "Blues District.