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WOODLAND HILLS, CA-The firm signs a five-year, $2.6-million lease with Kearny Real Estate Co. for 20,000 sf of office space. Zenith and its parent are both headquartered in the park, but an expansion plan drives the new deal.
CHICAGO-Financial Funding Resources and its founder, Les Goldberg, join Cohen Financial in a deal that is expected to widen the latter company's reach in the Southeast U.S. market.
PORTLAND-Research Data Design renews for 12,600 sf at Riverside Center on Southwest Macadam Avenue and leases an additional 4,900 sf across town at One Pacific Square, where Momentum Market Intelligence has leased more than 9,000 sf.
HOUSTON-Infometrics Market Center, eight years in development, is introduced to Houston by Moody Rambin Interests. The Web-based tool delivers real time data for leasing, marketing and property management.
WEST PALM BEACH, FL-First West Palm Office bought the 29,737-sf office building here from LSG Corp. The buyers obtained a loan for $2.4 million, or about 60% of the cost, from a Washington, DC-based lender.
CHICAGO-A 246,500-sf industrial building on 6.3 acres near the Kennedy Expressway will be demolished to make way for single-family and town homes built by Concord Development, which wasn't scared off by an $11-million asking price.
FORT WORTH-Industry sources say F&F Partners of Larkspur, CA paid upward of $19,000 per unit for Sheffield Village, an interstate-fronting property in need of some TLC. Following a substantial rehab, the 57 cents per sf rent will be history.
HUMBLE, TX-Several proposals were put on the table for 17-year-old plaza in the suburb of Humble, but the one that came closest to the $12-million asking price got the deed. GMAC put the asset on the market a year ago following a foreclosure.