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DeSOTO, TX-A Dallas investor acquires his second retail center in three months to turn around proceeds from selling a self-storage property. Creek Tree Plaza, a 14,872-sf fully occupied asset, has an 11.8% cap rate, says the buyer's broker.
LAKE FOREST, CA-HemoCue Inc., a marketer of blood testing devices, will relocate its U.S. corporate headquarters from Mission Viejo, Calif. to a 22,000-sf tilt-up concrete building in Lake Forest.
CHICAGO-Parkway Properties, Inc. is among those standing on the sidelines as office assets change hands at frothy capitalization rates compared to a year ago, when the Downtown office rental market was in slightly better shape.
ATLANTA-The 52-year-old, $8 billion Dallas-based homebuilding and financial services firm is paying about $3.2 million for the East Fox Court dirt in suburban Alpharetta, GA, across from Roberts Realty Investors Inc.'s Addison Place apartment community.
CITY OF COMMERCE, CA-Los Angeles Die Casting, a division of Del Mar Industries, signs the lease for 36,108 sf of space in a move from downtown Los Angeles after 75 years there.
HOUSTON-Insignia/ESG takes over the 370,000-sf 1001 McKinney in the CBD while PM Realty is tasked with Redstone's three-building portfolio, totaling 305,000 sf, in the Galleria and Medical Center District.
PEMBROKE, MA-Great Island nails down the financing for its purchase of the 14,105-sf Lambert's Plaza located on Old Church St. near Route 3. The acquisition is the last piece in the company's plan to own the properties around this interchange.
ORLANDO-The New York-based financial services firm, one of the largest corporate employers in the Tampa Bay area, expects to hire 700 employees over the next 12 months at the $90 million property in the Sabal Park Business Center.
ATLANTA-The 15-year-old Irvine, CA-based firm has hired seasoned South Carolina industry professionals in William Bosley, Thomas DeMint Jr. and Richard Chalk Jr. as senior advisors to the firm's new office.