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BEAUMONT, CA-Originally built for Kmart in the 1970s, the single-tenant facility is currently leased to long-term tenant Food 4 Less. Encompassing 60,018 sf, the property stands at 1691 E. Sixth St.
LOS ANGELES-Rents rose by only $4 in the fourth quarter of last year, according to a new survey, but Los Angeles still outperformed apartment markets in most of the country.
WALNUT CREEK, CA-Apple Computers is negotiating with Lamorinda Development and Investment for a possible lease in The Corners, a downtown retail and office development that will open this spring.
SUNRISE, FL-The medical manufacturing/supply company is subleasing the 48,606 sf of office space here for the next two years, then plans to take over the lease for another seven years. The deal is valued at about $1 million per year.
NEW YORK CITY-Three adjacent parcels--two on West Street and one on Washington Street--one of which is occupied by a landmarked warehouse, will be developed as a 14-story multifamily property.
WILMINGTON, MA-Compass Flooring Solutions leases 21,125 sf of warehouse and distribution space at 80 Industrial Way in a deal that further demonstrates the relative health of the industrial market in the suburbs.
SEATTLE-Developers are still interested in multifamily investments in Seattle, despite the fact that rental rents are rapidly slipping and are now at their lowest level since the first of quarter 2001.
VALENCIA, CA-Newhall Land and Farming Co. reports that net income slipped slightly in the fourth quarter and dropped substantially for the year, but the per-unit appraised value of its assets increased.