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PRINCE GEORGE'S COUNTY, MD-Office space leasing activity continues at a brisker than expected pace--considering the lagging economy-as evidenced by NAI KLNB Inc.'s recent completion of leasing at the Hampton South Business Center and the structure at 4201 Mitchellville Rd.
MIAMI-The building, formerly occupied by beverage distributor J.J. Taylor Distributing, sold for $3.8 million, or $34 per sf. AMB Property is re-leasing the building, located on six acres at 3505 NW 107th St. in the Gratigny Industrial Park here.
HOLLYWOOD-The LA-based developer will add new retail and restaurant space to the office tower in the $3-million improvement project for the 12-story, 183,000-sf Hollywood Boulevard building.
TUALATIN, OR-Portland General Electric occupies a total of 29,000 sf at Southcenter, making the company the second largest tenant at the 10-building, 342,000-sf Tualatin business park owned by UBS Realty Investors LLC.
ORLANDO-An indication of what is happening to Orlando industrial prices is the $827,540 purchase by the BMW auto dealership of two prime acres in Orlando's largest business park for $9.49 per sf, down from the $11.48 per-sf price Fields paid for one acre three years ago.
SAN FRANCISCO-Attorneys for Hector Chinchilla, a former San Francisco planning commissioner accused of accepting funds from developers, say that Chinchilla had a "good day" yesterday, as three out of seven counts were dismissed.
CHICAGO-User-owners of industrial property, some of them on the run from residential redevelopment, believe they may finally get a sense of predictability in the city's rewrite of the zoning code.
GALVESTON, TX-The Sunhill Group of Houston will build a multi-tenant retail and restaurant complex on the property, once the location of the popular Jack Tar Hotel, razed in the 1980s. The offering was on the market for a year at a price tag of $2.1 million.
LONDON-Central London specialist Derwent Valley Holdings has paid the London Borough of Islington pounds 37.8 million ($60 million) for a portfolio of 43 commercial properties, mainly in the emerging Kings Cross and Clerkenwell districts.
VAN BUREN TOWNSHIP, MI-The new headquarters will feature 787,000-sf of office space and 134,000-sf of research and development space in a village setting. Once completed, the facility will house up to 4,000 people.