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BELLINGHAM, WA-The locally based investor Thailand real estate announces Thursday that in August of last year, following a called-off merger, it acquired an 11% stake in Bellevue, Wash.-based Entellium Investments Ltd., a CRM software vendor with a presence in Asia and an eye on the U.S.
FULLERTON, CA-Market Street Properties of San Francisco buys the 161,129-sf Fullerton Business Center from CIP Real Estate of Irvine, CA. The fully leased, 16-year-old development fronts East Walnut Avenue.
BEAVERTON, OR-The supplier of financial and operations software for the construction and real estate industries reports that a sharp increase in fourth quarter profits was not enough to surpass the profit it posted in 2001, but it expects to double those profits in 2003.
SAN FRANCISCO-San Francisco's Old Mint Task Force has voted in favor of the San Francisco Museum and Historical Society's proposal to turn downtown's vacant Old Mint building into a museum.
SAN DIEGO-According to research by Burnham Real Estate Services, San Diego County's office market posted a steady fourth quarter for 2002, with 627,000 sf of net absorption. The 2002 net office absorption at 1.6 million sf outpaced the previous year's figure of one million sf.
ARLINGTON, TX-A leasing prospect turns suitor for a class A building that wasn't up for grabs. Word on the street is the bait was $95 per sf for a 56%-occupied building, with the new owner getting top billing on the tenant roster for its operating company.
BETHESDA, MD-Popular eatery Sakura Steak and Seafood House spreads its wings even wider in the Baltimore-Washington region with the recent securing of leases on spaces in Westminster and Olney, MD. The restaurants account for a total of 12,000 sf and will open in April and July, respectively.
DALLAS-Despite the soft hotel market, bookings for the themed rooms and lines at the 144-seat hotel restaurant, Dragonfly, actually surpassed expectations of owner Charles Givens of Oklahoma City. The 146-room concept, if successful here, goes on a road trip.
RESTON, VA-The 189,000-sf Plaza America Tower IV gets a new tenant with NCI Information Systems Inc.'s recent commitment to 77,000 sf. The company will relocate its international headquarters from McLean to the massive 1.2 million-sf Plaza America complex.