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LOS ANGELES-An investment group that includes the former basketball star will close next week on the Transamerica complex in Downtown LA. The team will spend $100 million to buy the property and another $50 million to redevelop it.
MIAMI-Corporate Property Associates 15 Inc., an affiliate of investment firm W.P. Carey & Co. LLC, has acquired and leased back the prepaid calling card company's 270,000-sf-plus headquarters and distribution facility that is under construction here.
DENVER-Potential presidential candidate Hart and other national experts will address members of the local commercial real estate community on how to prepare for disasters and emergencies.
ATLANTA- Citing concerns for the health of attendees, CoreNet decides to cancel the Toronto Global Summit set for May 3 - 7. Approximately 1,600 people had registered to attend the event.
DALLAS-The stack of deals range from 1,271 sf to 8,000 sf for properties as far north as Frisco to as far south as Temple, the newest location for close-out retailer Tuesday Morning. Regency Centers closes four in the stack for DFW properties.
HOUSTON-The five-year tenant re-ups 22,605 sf in three CBD locations while crews push ahead on a 280,000-sf facility being built on the outskirts of downtown Houston. Delivery is set for summer 2005.
SPOKANE, WA-The 76-acre parcel stretches 1.3 miles along the bank of the Spokane River, with the eastern third located directly across from Downtown Spokane and slated for a combination of commercial uses. The cost of the development is being estimated in the hundreds of millions of dollars.
FONTANA, CA-The cereal maker will move from the City of Industry to the new facility following completion of construction in 2004. Sources say the five-year lease carries a value of $7 million to $7.5 million.