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TEMPE, AZ-Freedom Marketing puts up $678,378 for the 10,224-sf building at 2522 W. Geneva in a deal that closes well below the going market rate, says the buyer's broker. Circuit Research Labs is the seller.
AUSTIN-The actuarial firm of Rudd & Wisdom signs for the long term at 9500 Arboretum Blvd., a 187,385-sf building in the northwest submarket. The firm will relocate from within the submarket in May.
HOUSTON-The Lionstone Group, founded 18 months ago, gets a $75-million initial equity commitment with a buying power of up to $220 million for office buildings in 65 markets. Oregon Public Employees Retirement Fund is the equity player.
SAN JOSE, CA-The success of cinemas in downtown San Jose has been a significant part of the downtown retail and entertainment strategy, but two cinema projects are battling development delays.
CARLSBAD, CA-Sporting goods company K2 Inc. inks a 60-month agreement to relocate its corporate headquarters from Los Angeles to Carlsbad. K2's new space gives the company more room than its current location in Los Angeles.
HOUSTON-Manhattan Resources slides into the 25-month balance of Ultimate Staffing Services in One Houston Center. The inbound tenant has relocated from the FM 1960 submarket while the outbound tenant shifted its CBD team to the Gallera/West Loop.
AURORA, CO-The city of Aurora has told "non-conforming" businesses at the Fitzsimons redevelopment that they will have to quit the area in 10 years. Not everyone is happy about it.
ISELIN, NJ-The business information provider will relocate its local office as a result of a transaction arranged by Julien J. Studley Inc. The signing marks the second transaction Studley has done for Advanstar in this market.