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NEW YORK CITY-We're on the threshold of war, there are no jobs, the Bush tax plan is a dubious bet and business confidence is still in the dumpster. So why is Mark Zandi so upbeat?
PHILADELPHIA-Paul Aschkenasy believes Paoli, PA is poised to "be the center of suburban Philadelphia" in the next decade, and the 100,000 sf at 2 and 4 Industrial Blvd. is strategically located across the street from Paoli Memorial Hospital, already a tenant in the 100%-occupied asset.
GLENDALE, AZ-The land, on the market for 18 months, was about to be subdivided when Credit Union West came along with an offer. Negotiations carried the deal to the closing table at a selling price of nearly $1.2 million.
AUSTIN-Occupancy fell to 88.4% while rent, across the board, also declined in the fourth quarter to take average to $699 per month, a drop of $14 in one quarter. Austin Investor Interests says concessions prevail at more than 83% of the properties.
OCEANSIDE, CA-San Diego-based Pan Pacific Retail Properties Inc. pays $5.5 million to Crown Realty for Oceanside Crossing, an 88,000-sf, grocery-anchored retail complex.
MIAMI-Locally based Pollo Operations Inc. sold both single-tenant properties, located in Sunrise and in Pompano Beach, FL, to Ron and Janet Halter of Wilsonville, OR for $1.5 million and $1.4 million, respectively.
LOS ANGELES-His Jamison Properties Inc., already the largest office building owner in the Mid-Wilshire district, adds another 200,000 sf with 3350 Wilshire Blvd., bought from Albion Pacific. Lee's holdings in the market now total 7.5 million sf.
PLEASANT PRAIRIE, WI-The Mississauga, Canada manufacturer of polyethylene bags will house 123 employees at the facility, which will be built on a nine-acre site at the LakeView Corporate Park here.
SAN DIEGO-Jones Lang LaSalle and the National Football League complete renovation work on a community center here, which is part of the NFL's Youth Education Town Center program.