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CHICAGO-An area near 122nd Street and Ashland Avenue, continually passed over by residential developers, will be the site of the first home-building activity in 15 years when JTA Development Inc. builds 80 townhomes.
BLOOMFIELD TOWNSHIP, MI-U.S. Representative Joe Knollenberg, a Republican from Bloomfield Township, MI, has been selected to serve as Chair of the House Appropriations Subcommittee on Military Construction.
PHOENIX-Metro Auto Express will relocate into 18,000 sf of a 55,000-sf industrial property at 2522 W. Holly in a lease valued at $375,000. Key to the signing was finding expansion space in the same area.
RIVERSIDE, CA-The non-recourse, 10-year loan refinances an existing recourse loan on the 280,052-sf Riverside Business Center, a 21-building development positioned on 18.6 acres along the 91 Freeway.
WOODLAND HILLS, CA-CT Realty, a Newport Beach-based investment firm, revisits the San Fernando Valley for a second purchase in less than three months. In a JV with a pension fund, CT Realty buys the 95%-leased Arbors at Warner Center.
AUSTIN-First American Title Insurance will relocate from within the northwest submarket in a five-year signing for a 5,372-sf office in the 93,312-sf Park at 8300 MoPac Expressway. Move-in is set for April.
HOUSTON-An April 1 opening is being eyed for a new bar in an empty space at 708 Main St., an 85,568-sf office building in Houston's CBD. The 1920s-era building, renovated last year, is 34% filled.
OXNARD, CA-The developer-owner of the 36,000-sf community retail center sells to an investment group from Thousand Oaks, CA. The new owner plans some rehab for the nine-year-old, fully occupied holding.