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VALENCIA, CA-The developer of housing and commercial properties in Valencia estimates per-unit income for the year ending Dec. 31 will be $1.62 to $1.67, compared with its previous estimate of $1.50 to $1.60.
NEW YORK CITY-Geller & Wind Ltd., an employee benefit consulting firm, has inked a 12-year lease for 18,000 sf on the fifth and sixth floors of 462 Seventh Ave. Hunter Realty Organization LLC arranged the transaction.
CHARLOTTE-Windrose Medical Properties Trust, a four-month-old Indianapolis, IN-based REIT, paid locally based Park Medical Associates LLC $5.65 million for the 14-year-old, 34,000-sf, 92%-leased Park Medical Center at 10512 Park Rd.
FORT WORTH-With a construction start looming, RadioShack backs a financing plan to pay cash rather than ink a synthetic lease for a 20-story headquarters project. RadioShack will be dedicating $100 million annually for 2003 and 2004.
LONDON-Atlanta, GA-based law firm King & Spalding has made its first move into the UK, taking 9,396 sf of offices in the City of London in a subletting from fellow US lawyers Cleary Gottlieb Steen & Hamilton.
SAN DIEGO, CA-The County of San Diego acquires a 90%-occupied, 16,670-sf building that it plans to hold for future space needs. The seller is 1168 Union Street LLC.
BETHESDA, MD-Metropolitan Washington makes room for the area's fourth Daily Grill restaurant as the owner of the eatery chain commits to a long-term lease of a 6,000-sf space at the Hyatt Regency Bethesda. The new $2-million restaurant is expected to debut next summer.
MERCER CTY, OH-A division of local contractor and speculative investor Bruns Building takes on the mostly empty three-building complex and plans to renovate and retenant the property.
LA HABRA, CA-Decron Management acquires the 242-unit complex from Pacific Properties. The 14-building, townhouse-style complex was built in 1974 and remodeled in 2000.
SAN ANTONIO-Buyer Sunbelt Mill Supply will occupy 22,000 sf of the 30,175-sf building, which came with a tenant for the balance. The seller put the holding on the market after he sold his furniture business.