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THE COLONY, TX-ORIX Capital Markets sells the fully leased center to a Dallas investor in a "best and final" that brought out six offers for the under-$1 million listing for an eight-tenant property.
CHATSWORTH, CA-Plastics manufacturer Vast Resources Inc. acquires the 154,000-sf industrial property as a new corporate headquarters and manufacturing plant that will consolidate operations from five locations. Vast Resources plans to occupy the facility in March.
ATLANTA-A former Realtor of the Year and past president of the CCIM Georgia chapter, Nelson Kramer leaves Northside Commercial Real Estate Services Co. where he ran the commercial brokerage operation.
DENVER-The loss of 40,000 jobs in the market last year was more than three times worse than the downturn seen in 1986 and 1987, notes Dan Conway, president of Denver-based THK Associates. "Our challenges have never been greater," he tells the Denver Metropolitan Association of Commercial Real Estate Brokers.
HOUSTON-Emser Tile of Los Angeles makes a second expansion move in two years, signing for a 112,000-sf warehouse owned by Chicago-based First Industrial Realty Trust. The commercial tile supplier more than doubles its warehouse space with the new deal.
EASTERN ICELAND-While the size of the facility has yet to be determined, ground will be broken in two years and production is slated to begin at the facility in 2007. The project is part of a government plan to improve the country's living standard.
CASA GRANDE, AZ-Price Cos. of Winnipeg will be pumping some badly needed jobs into the economy of a city about 40 miles south of Phoenix. The firm has bought a 130,000-sf plant shuttered 18 months ago, 20 acres and some machinery.
GARLAND, TX-Flextronics gets $2.6 million for a 144,000-sf manufacturing site in Garland. It's the lone Dallas property up for sale in the three-city, 1.4-million-sf package. A 70-acre Austin site is under contract.
PHOENIX-Hedlund Fabrics closes its doors after three decades, sparking a sale to an area couple tempted by the availability of the downtown location. The buyer will use 1710 E. Washington St. as a storage hub for convention and trade exhibits.
AUSTIN-The East Austin neighborhood is overruled when council acts in favor of a zoning that would allow alcohol to be served at Plaza Amistad, a 6,900-sf event hall planned for a vacant lot along Seventh Street.