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LOS ANGELES-State housing director Julie Bornstein joins the USC's Keston Infrastructure Institute, where Christian Redfearn will lead research. Bornstein's first mission will be to assemble an advisory board.
NEW YORK CITY-SEIU Local 32BJ, which represents 28,000 apartment workers, including doormen, janitors, and elevator operators, has called for a strike when contracts expire on April 20. At issue are salary increases, and safety and security training. Ownership representatives are confident that a strike can be averted.
CHICAGO-Brokers for Paine/Wetzel-ONCOR International close four deals involving 100,000 sf of South and Southwest Side industrial space for $4.5 million, all of them involving users looking to expand or relocate operations.
PUERTO RICO-One of the largest owner of multifamily properties in the nation provides $8.6 million of equity to a Puerto Rico-based firm for the development of a 132-unit senior affordable housing development.
FORT WORTH-Tickelopes, a designer and manufacturer of greeting cards, is joining an eclectic tenant mix that has been gradually filling a 500,000-sf industrial property where irons and drivers were once the only wares to move out the door.
CHULA VISTA, CA-An apparel firm, a retail business and a piping company all sign on for space at Westcore Industrial Properties' Southrail Business Park. The tenants will take a total of 17,624 sf in the Chula Vista industrial complex.
PHOENIX-Denali National Trust sells the 109,337-sf, two-building office complex to Hannay Investment Properties, a buyer who won the bid in part for its understanding of the metro marketplace.
CLIFTON, NJ-Premium Color is using New Jersey EDA assistance to acquire its long-time, 15,500-sf industrial home. Commerce Bank was in on the financing.
LONDON-Great Portland Estates has agreed an early lease renewal with insurance giant Willis on a key City building, which could form a part of a much larger development site towards the end of this decade.