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HOUSTON-The West Alabama Place in the Inner Loop passes from one private investor from Houston to another. The new owner pays more than the $975,000 asking price to win the deed, an obvious sign of the hyped interest for the Inner Loop property.
MIAMI-The overall vacancy rate stayed at 9.4% for the county in the first quarter, compared with the same time in 2002. Net absorption was negative 492,173 sf in the first quarter, and leasing activity increased by 20% to 1.8 million sf compared with a year ago.
NEW YORK CITY-The equipment's being rolled in to new studio space at 1211 Ave. of the Americas, sources tell GlobeSt.com, but Fox News is holding off on launching new news programs until the war in Iraq is over.
SAN FRANCISCO-Curt Setzer rejoins the real estate investment advisory from Simeon Commercial Properties, where he was a partner. He will have primary management responsibility for the firm's capital transactions group.
SYDNEY-The tenant rep firm Pullinen Property Group of Sydney, Australia hooks up with TCN Worldwide, becoming the first Australia-based company to affiliate with the international real estate services organization.
COLUMBIA, MD-The 475,000-sf Snowden Distribution Center gets a larger commitment from tenant DAL Tile with the company's decision to expand its lease to 107,250 sf. facility.
TEMPE, AZ-Friendship Village is getting another 404,414 sf in two phases after its original general contractor, the Weitz Co., beat out three others for an expansion of a senior living center that stood as its Phoenix inroad 25 years ago.