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MIAMI-Based in the company's Miami office, Donald B. Cartwright is the company's South Florida trade area director as of March 24. Previously, he was regional leasing director for Jones Lang LaSalle in Florida.
PHOENIX-Four of the six buildings are already sold, bringing in $200 per sf for developer DKS Development of Phoenix. The two-story shells of 7,743 sf are going up on the southwest corner of Marilyn and 71st streets.
LONDON-Occupier demand in the industrial sector is slowing, but a shortage of stock is helping to sustain rental values, according to new research from Atis Real Weatheralls.
DALLAS-US Sen. John Cornyn is unpacking at Dallas' Occidental Tower, which also gets a renewal from a longtime tenant, while World Savings & Loan Association is planning a June 1 move into Millennium Center in the Las Colinas Urban Center.
WOODLAND HILLS, CA-The Irvine-based investment firm takes on a new pension fund investor to buy out a former Bascom partnership that spent $2.9 million to renovate the Renaissance Apartments. The new team will go a step further with upgrades.
TYLER, TX-The buyer secures a loan of almost $3.3 million and a 6.5% interest rate from a Dallas-area bank to acquire the asset from two East Texas investors. The complex sits on 8.6 acres along a main thoroughfare.
FREDERICK, MD-Riverside Technology Park gets two new tenants as Lesco Inc. and Commercial Marketing Associates take on 5,500 sf and 5,000 sf, respectively. The companies will occupy two different structures within the 500,000-sf park.
ORANGE, CA-The San Francisco-based owners plan "a complete make-over" for the 30-year-old Mall of Orange. The redevelopment includes a 36,000-sf expansion and a new name, the Village at Orange.
NEWTON, MA-SAB Realty Trust sells two local area assets. In both cases, new ownership will occupy at least part of the buildings, which is good news in a market that continues to experience high vacancies.
CARROLLTON, TX-The Frankford Trade Center quartet is billed as the only class A industrial portfolio now on the market in Dallas-Fort Worth. With that under way, Argent Property is designing another 330,000 sf of spec development for the 165-acre park.