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IRVINE, CA-The 18,840-sf industrial building goes from one Irvine investor to another. The sweet spot is a fully occupied property in a first-time trade. In three months, the tenant is out and the buyer's engineering firm moves into the space.
CANNES-The UK's Royal Institution of Chartered Surveyors will tomorrow sign an agreement linking it with the USA's Counselors of Real Estate. RICS president Peter Fall says it's about 'shared values'
CANNES-2003 should see an improved economy according to nearly three-quarters of US commercial real estate firms recently polled in 50 North American markets by CORFAC International. Leading the charge will be the industrial sector
SAN FRANCISCO-In the largest lease the CBD has seen in a couple of years, the locally based international law firm Orrick Herrington and Sutcliffe leases the top four floors of a new 10-story Downtown building developed by Wilson Meany Sullivan for Equity Office Properties.
ORLANDO-About 620 jobs are expected to be lost and an estimated 104,000 sf of office/flex space will go dark when Lexmark International Inc. vacates 50,000 sf in April at GranPark at South Park in south Orlando and UnitedHealth Group begins its shutdown in May at 255 Technology Park in suburban Lake Mary, FL.
ATLANTA-The Atlanta Regional Commission is reviewing a proposed venture by the Knight Group of Jonesboro, GA that would bring 290,000 sf of commercial, 350 apartments and 1,000 townhomes to the 15-year-old, 1,200-acre park at 505 Fayetteville Road.
PORTLAND-The maker of glass curtain wall systems for office buildings is relocating the bulk of its operation from 90,000 sf of industrial space in Northwest Portland to just under 80,000 sf in the 405,000-sf former Tru-Serve Hardware building now known as the I-84 Distribution Center.