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ATLANTA-TRW Inc. is taking the entire two-story, 46,062-sf Harvard Building for seven years for an estimated $6.4 million, while Georgia Medical Foundation will occupy 36,000 sf in the Lincoln Parkway Building for seven years for an estimated $5 million.
ANAHEIM, CA-Absorption rose in the fourth quarter but dropped for the year in Orange County, while rents remained flat and overall sales and leasing dipped by 13%, according to Voit Commercial Brokerage.
VAN NUYS, CA-Aslan Realty Group buys the 161-unit Sonterra Apartments from Fairfield Meadowbrook LLC. The 27-year-old complex at 15425 Sherman Way occupies 3.5 acres and has been upgraded extensively.
LONDON-Total gross mortgage lending by major British banks to the UK private sector remained strong in November, rising by UK GBP14.4 billion ($23.2 billion), according to figures released by the British Bankers Association.
ARLINGTON, VA-The 465-unit Gates of Arlington low-income housing complex becomes the property of affordable housing developer AHC Inc. in a $35.5-million deal. AHC received assistance in acquiring the six-decade-old property, which Arlington County officials feared would be bought and redeveloped as high-end residences.
BOERNE, TX-A 25-acre tract has been dedicated to a community shopping center in a soon-to-rise Centex Homes project. The retail acreage fronts Interstate 10 in a community attracting attention from buyers and sellers.
FORT WORTH-As soon as the sign went up, the abutting property owner in the Handley Historic District called a broker. For now, the plan is to use the in-town tract for storage for the Handley Feed Store.
PHOENIX-Harrison Properties of Phoenix is the new owner of a 178,800-sf office and distribution center on the market since mid-2002. The buyer is gaming out a plan to attract new tenants to the shuttered structure on 16 acres on the west side of town.
NEW YORK CITY-Content Film Inc., a digital film production and distribution company, is moving into 8,000 sf at 419 Lafayette St. here. The firm, which was represented by Cresa Partners, plans to stay for the next five years.
ATLANTA-The blueprints being reviewed by the Atlanta Regional Commission call for a multi-million-dollar facelift of a 50-acre site in the suburb's southeast section, near the Avondale MARTA station.