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CARLSTADT, NJ-International insurer Aegon provided the money for the 323,000-sf, seven-building package owned by Wilson Associates in a transaction arranged by L.J. Melody.
BOULDER, CO-Tenants are scheduled to move in soon into the 44,000-sf Canyon Gate Plaza, the newest retail and office project to open in a city that often discourages new development projects.
TROY-EDS has decided to re-up at its headquarters building in Troy, MI. Bank mergers in Detroit area open up available space in a 17-story downtown office facility.
SAN RAMON, CA-TCN Worldwide, a global commercial real estate services organization, has added Carpenter/Robbins Commercial Real Estate to its group of affiliates in the San Francisco Bay Area.
DOWNEY, CA-Two individual investors acquire an 89,760-sf building at 12029 Regentview Ave. from Regent Downey Properties of Mission Viejo, CA. Now that all the paperwork is done, the owners plan to occupy the property.
GARLAND, TX-Triple Net Properties of Santa Ana is the seller. The buyer is a private investor from Dallas who satisfied a 1031 Exchange with the acquisition, with a 12.1% cap rate. The 67,560-sf center is 88% leased.
MIAMI-Tom Salomone, who has been named president of the Florida Association of Realtors, is broker and owner of Real Estate II Inc., which has offices in Coral Springs, Margate and Boynton Beach, FL.
HOUSTON-Increased consumer spending and higher than average household incomes make the market ripe for development, most of which will be coming from the super-size concepts. Meanwhile, investors continue shopping for existing grocery-anchored product.
VALLEJO, CA-Just one week after Vallejo's City Manager David Martinez and Mayor Tony Intintoli Jr's announcement that they oppose a proposed liquefied natural gasification project on Mare Island, Martinez says he will resign.
SAN DIEGO-San Diego County Credit Union acquires the 103,000-sf flex facility from Applied Micro Circuits Corp. It plans to relocate to the Sorrento Mesa building from its current headquarters at 9985 Pacific Heights Blvd.