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FULLERTON, CA-Advent Capital Partners has begun renovations on more than 40,000 sf of office and shopping space in the area at Harbor Boulevard and Wilshire Avenue, where the company acquired property earlier this year in a redevelopment zone.
LONDON-A private investor has paid pounds 10 million ($16 million) for Morley Fund Management and Opus Land's recently completed Paradigm office development in Solihull, West Midlands.
BERKELEY, CA-A Berkeley restaurant faces eviction from its city-owned marina site if it fails to comply with the city's living-wage ordinance with a seven-day period. The restaurant owners say this is unconstitutional.
MIAMI-The local group of investors who purchased the 105-unit complex from Presidential Sunwood Corp. plan to convert it into condos that will start selling for $135,000. It is located here at 4600 SW 67th Ave.
DALLAS-LaSalle gets the keys back Dec. 20 for 494 rooms in New Orleans, thanks to an arbiter's ruling. Le Meridien promises an orderly transition. In Dallas, the battle isn't quite over for the 407-room Plaza of the Americas.
ORLANDO-The executive director of Advantis Real Estate Services Co./GVA/Orlando completed $90 million in deals this year, leasing 260,000 sf of office product at GranPark at South Park in Central Florida.
BOSTON-Projects recently proposed for the Longwood Medical Area, a section of the city that is home to a large concentration of medical and academic institutions, will soon be subject to a series of interim guidelines being developed by the Boston Redevelopment Authority.
BURBANK, CA-The Construction Industry Research Board sees an uptick next year in overall construction in California. That includes an increase in the commercial sector, albeit it is still expected to be 25% below its year-2000 peak.
MEMPHIS, TN-The Redwood City, CA-based business information provider's five-year lease brings the two-year-old, 1.2-million-sf ProLogis Park Memphis to 100% occupancy.
SUN VALLEY, CA-MTS products signs a five-year lease for 120,000 sf feet of industrial space at 10671 Lanark St., where the company is expanding and relocating from Northridge, Calif. MTS has leased the entire building at its new facility, which is a freestanding structure close to the Burbank Airport.