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LOS ANGELES-Lee Black joins the firm's LA office after 12 years with Cushman & Wakefield and five with Told Partners. He becomes the fourth Newmark managing principal in Southern California.
DAYTON, NJ-The asset, previously owned by a textile manufacturer, is fully occupied and used as a headquarters by cosmetics distributor Medicia. Newmark of New Jersey arranged the deal.
TACOMA, WA-Eric Cederstrand has been with Colliers since 1998 and has 14 years experience in commercial real estate brokerage. Since relocating from Seattle six years ago, his emphasis has been on the redevelopment of historic properties in Downtown Tacoma.
BEDFORD, MA-Fuji Photo Film Co. is expanding the manufacturing facility for Fujifilm Microdisks USA Inc. by 60,000 sf for an estimated cost of $35 million. The facility is currently 65,000 sf with a separate 35,000-sf warehouse building.
ATLANTA-Leo A. Daly Architecture-Interiors of Omaha, NE is taking a five-year lease in the loft-style space with 14-foot to 16-foot ceilings in the historic, 108-year-old former mill structure an estimated aggregate rent of $600,000.
HOUSTON-CNC Investments of Houston acquires the 280-unit complex in the far west submarket from Texas Apartment Investors, an affiliate of Denver-based AIMCO. A rehab is in the works for the class B holding.
SAN ANTONIO-Grubb & Ellis Co.'s San Antonio research team says an 800,000-sf user has eyes for one site that Toyota passed up. But, that's just the tip of the iceberg as users and investors start to shop the market now that Toyota's coming to town.
LONDON & NEW YORK-Corporate raider Carl Icahn has raised the prospect of a bidding war at Insignia, and news that he was in talks with the company forced Insignia's share price up another $1.27 to $10.99 in late trading in New York yesterday.
DALLAS-It's no longer shop talk on the class A circuit, but rather reality, with Trizec making a play and winning Invesco from One Lincoln Centre for its Three Galleria Tower. The 37,000-sf, 11-year package had amenities that were too good to pass up, negotiators say.