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FARMINGTON HILLS, MI-Grand Sakwa has acquired half of 80-acre site at Northwestern Highway and Orchard Lake Road for big box projects, and will continue with planned development, says the city planning director.
HOUSTON-International Holdings acquires the northeast Houston acreage for a build-to-suit for its Houston affiliate, United Crane. Ten acres of the 27-acre buy along McCarty Road will be dedicated to the project.
SUN VALLEY, CA-Maasdam Pow'r Pull Inc., a manufacturer of industrial equipment, signs a 10-year, $1.77-million lease for 20,328 sf in a building owned by RREEF. The firm will be relocating from Burbank.
PICO RIVERA, CA-Richline Textile Co. acquires the manufacturing and warehouse building for $5.5 million in a rare expansion locally for the L.A. garment industry. The transaction is one of the city's largest for the year.
DALLAS-The slug-it-out times of this year are going to continue well into 2003 for the Dallas-Fort Worth office market, say two of the region's seasoned executives. The New Year will be one of renewal...lease renewals, that is.
AUSTIN-The 1,100-member council selects real estate attorney Tim Taylor as president. Taylor, a partner with Dallas-based Jackson Walker, has been a member of the council's executive committee for five years.
AUSTIN-The Dallas-based firm says it bought the building, assessed at $2.2 million, from Bank One purely as an investment. The building is part of the 400,000-sf Capital Plaza, which is undergoing a renovation.
HOUSTON-Eye to Eye signs for a 2,000-sf spot in the 11,512-sf 19th Street center in the Heights neighborhood near Houston's CBD. The center is a 2001 recipient of a community development award.
BOSTON-Beacon Capital Partners buys 501 Boylston St. from MetLife in a deal reported at roughly $130 million. The transaction involves a leaseback arrangement that will enable the insurance firm to vacate the building over time.
CHICAGO-Everest Partners taps Holliday Fenoglio Fowler, L.P. to sell the 330-unit building at 2 E. 8th St., which is expected to command well above $50 million in a market still hungry for multifamily assets.