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SAN FRANCISCO-A San Diego-based development company envisions a luxury apartment complex sitting at the end of the Bay Bridge, even though it involves the demolition of the BofA clock tower landmark.
NEW YORK CITY-The new 10-year lease keeps Big Blue on six full floors of the 43-story office tower. Minskoff Equities owns the one million-sf Black Granite landmark, which was once fully occupied by IBM.
ATLANTA-After formally leasing the space at the former Macy's department store site in the 180 Peachtree Building in 2000, the Broomfield, CO-based fiber-optic cable distributor held off occupying the premises when the high-tech market crashed in mid-2001.
LAS VEGAS-Hendricks & Partners handles the sale of the three properties, which contain a combined 764 apartment units. A Nevada-based limited partnership buys the assets from the Leo Zuckerman Trust of San Diego.
DALLAS-The 214-unit Woods of Five Mile Creek is going up on 15.5 acres in an area that the developer says has been overlooked by the multifamily industry's national names. The class A, no-tax credit project will make a play to set the submarket rental rates.
ARLINGTON HEIGHTS, IL-Investors acquire a well-located property in this suburb northwest of Chicago. It signals that medical office buildings continue to be seen as a good asset for a real estate portfolio in the current economy.
HUNTINGTON BEACH, CA-Coast Aerospace buys a 48,000-sf facility it has occupied for about five years. Built in the 1970s, the industrial structure is situated in a heavy industrial corridor filled with like product.
HOUSTON-Developers Turner-Adreac and Transworld Properties sell the four-year-old Westchase Place to Litchfield Advisories. The 151,461-sf, multi-tenant property attracted about 10 offers in four months of marketing.