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BREA, CA-The first three buildings are sold in the recently completed Voit Brea Business Park, a 530,000-sf speculative development, with seven more buildings in escrow.
LONDON-Estate agents and mortgage companies are flatly contradicting each other with data on the residential property market. It makes 2003 a tricky year to call.
BERKELEY, CA-Emeryville's latest addition is the $100-million Bay Street shopping center, which opened up this month. The complex includes 400,000-sf retail and entertainment space, a 230-room mid-rise hotel, a 16-screen Cineplex, 284 apartments and 82 town homes.
PHILADELPHIA-Locally based Meyer & Meyer, Inc. pays $900,000 for theshoe-store-anchored, 8,040-sf neighborhood strip shopping center built in 1979 and 100% leased. The seller is locally based R & O Real Estate Partnership.
ATLANTA-In a further move to strengthen its industrial services group, G&E has named Dave Watson senior vice president. He was previously a first vice president in the Atlanta office of CB Richard Ellis Inc.
PHOENIX-Relizon sells a 104,400-sf industrial property along 45th Avenue as it boxes up for an early 2003 relocation to a smaller building. The new owner, though, has a roofing company waiting for the keys.
CRANFORD, NJ-The separate transactions, totaling more than $114 million, are aimed at enhancing the REIT's financial flexibility, according to company officials.
HERCULES, CA-The City of Hercules, in an effort to attract biotech companies into the area, has targeted vacant office space as potential sites for biotech incubators, which are a proven way to retain new biotech firms.
GRAND PRAIRIE, TX-Performance Home Medical Equipment is ramping up to move into 7,938 sf in Grand Prairie's section of the Great Southwest Industrial Park. In Dallas and Garland, tenants have moved into 12,496 sf and 13,496 sf, respectively.
NEW ORLEANS-Friday's signing with Insterstate Hotels will change the Le Meridien Hotel here to the New Orleans Grande Hotel. The 494-key convention hotel is the second hotel property that Interstate will manage for LaSalle, which owns 17 upscale and luxury properties in 11 states.