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TEMPE, AZ-Arizona Envelope Co. goes from being a tenant in the Elliott Road-I-10 Industrial Park to property owner. The status change means an address change, but the deal comes with expansion room and a tenant.
AUSTIN-The Goodall & Davison law firm renews a 3,000-sf lease with building owner, Prentiss Properties Trust. The deal, as any would be, is good news for the southwest submarket, now shouldering a 22.2% vacancy.
DETROIT-Vacancies will be higher than 9% by year-end and construction is down, says Marcus and Millichap, but the steady flow of retail center sales transactions will remain strong.
As we approach the end of the year, there is new and unsettling--but hardly surprising--news that the problems faced by working families trying to find…
SAN ANTONIO-American Property Management of San Diego acquires a third hotel in San Antonio. The hotelier secured a loan, with a $500,000 hold back for renovations, to acquire the 184-room Best Western Lackland Inn & Suites.
MIAMI-Interamericana Transport has signed a lease increasing its space from 45,780 sf to 74,836 sf at Lightspeed@Beacon Tradeport, Building 1. Based on market averages, the value of the long-term industrial lease is at least $3.5 million.
GRAND PRAIRIE, TX-In three-year leases, one tenant takes 4,875 sf with an expansion option in Grand Prairie while the other signs for 12,590 sf in a pact valued at $139,989 for a Carrollton property.
NEW YORK CITY-The two deals bring the firm's '02 Toronto leasing tally to more than one million sf. CIBC and Unisen Inc. are the focus of the two newest deals.
PHOENIX-First Industrial gets the deed from Glazer's Wholesale Drug Co. Before the week ends, the new owner says it will have a 10-year lease in hand for the 16-year-old building at 46 N. 49th Ave.