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McKINNEY, TX-American Realty Trust, gathering capital for a merger, sells 8.8 acres at the off-ramp of Central Expressway and Eldorado Parkway in McKinney. Buyer Conrow Co. is now deciding whether there's more value in an immediate resale or development.
IRVING, TX-With Sony's lease up, the building owner agrees to subdivide in talks with Gateway Graphics, which wanted its fulfillment division closer to its plant and headquarters. This weekend, the functions will become neighbors with the 33,330-sf deal.
NEW YORK CITY-In trying times, corporate real estate players look to trim their costs--and that means farming out in-house functions. But while outsourcing is coming back, CREs are hesitant to trust strategies to providers--for now, at least.
HUNTINGTON BEACH, CA-A 517-room Hyatt Regency resort and spa opens along the seaside. A project of affiliates of Chicago-based Hyatt Corp. and Robert Mayer Corp., it has more than 110,000 sf of event space, a 10,700-sf exhibit hall and 20,000-sf spa.
GLENDALE, AZ-The buyer, a family-owned investment group, gets a fully leased 19,141-sf office building, stable tenant roll and prime location along West Olive Avenue. The asset had been on the market about eight months.
MOORPARK, CA-A private individual acquires 17,929 sf of the 105,000-sf Mountain Meadows Plaza from Moorpark Partners LLC. The sold section, fully leased at sale time, satisfies a 1031 Exchange.
VANCOUVER, WA-Currently located in half as much space in Clackamas, the custom injection molder inks a 10-year deal at the Port of Vancouver. The company expects to expand to 36,000-sf building within four years.
HOUSTON-The concept is new to the Lone Star State, but it's been part of the Stewart lineup since 1996, first in Colorado and then Utah. A consumer watchdog group has reservations, but Stewart says the insurance has been well received in many circles.
MORRISTOWN, NJ-Common Health Advertising will move its offices a few miles down the highway from Parsippany, to Olnick-Fisher's downtown MXD complex here.