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PITTSBURGH, PA-The Columbus, OH-based real estate firm will develop a six-story building between PNC Park and Heinz Field for Pittsburgh-based Equitable Resources, which will consolidate 450 employees in the building. The deal marks the start of an eventual $200-million, 1.2-million-sf development by Continental.
CERRITOS, CA-Four firms sign in a series of moves and expansions, with the four deals totaling $9 million. In all cases, the signed papers were long-term contracts. The largest, 74,626 sf, was penned by Daiwa Corp.
PORTLAND-The "Risk Mitigation Program" is intended to reward Mexicana for initiating the service and reduce its risk of loss during the first year of its new three-times-weekly passenger service between Portland International Airport and Guadalajara, Mexico.
BALTIMORE, MD-In a $102-million deal, Phillips Edison & Co. snaps up New York City-based Aegis Realty Inc.'s holdings of 27 grocery store-anchored properties in 14 states across the US. Part of the deal also calls for Phillips to assume $68.4 million in debt. The transaction leaves Phillips with a total of 67 properties, accounting for 8 million sf.
NEW YORK CITY-A plane crash in Massachusetts on Friday killed six of the seven people aboard, including the senior partner of Fisher Brothers. Only Fisher's teenage daughter survived the crash. Services for Fisher will take place aboard the Intrepid on Tuesday.
MIAMI-Docutek Imaging Solutions Inc. expanded its lease from 13,074 sf to 16,209 sf of industrial/flex space in a deal valued at $355,058; and Management and Marketing Dynamics leased 6,165 sf of industrial/flex space, valued at $150,591.
SEATTLE-The project will convert a warehouse near the city's Major League Baseball stadium into a concert venue and a restaurant and lounge. A Master Use Permit is expected to be issued in May.
CARLSTADT, NJ-The trio of transactions includes the sale of industrial and office properties, and a 47,500-sf distribution center lease, all in North Jersey.
ORANGE COUNTY, CA-Colliers Seeley International gets contract to set up an auction of 3,500 acres of the 4,500-acre former Marine Corps Air Station at El Toro, paving the way for future development.