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LA JOLLA, CA-Private Properties LLC acquires the 3,500-sf office building from Sydney Walker III and Songmin Walker Family Trust. It plans to use the facility, which is located at 6794 La Jolla Blvd., to house dental offices.
NAPERVILLE, IL-The firm that creates the "Veggie Tales" series of children's Christian-oriented videos has relocated its headquarters from west suburban Lombard to a new office building in Naperville.
NEW YORK CITY-After undertaking major negotiations to move its New York headquarters Downtown, the United Federation of Teachers is now paying attention to its uptown offices, converting a former Loehmans warehouse into class A office space.
AUSTIN-Vacancy is still climbing and rents are still dropping. It's definitely a time for office tenants to shop the market and work out a deal to trade up, says a Colliers International broker. Overall vacancy is 23.9%, but the CBD's class A is 27.5%.
CORONA, CA-Fieldstone Communities of Newport Beach, Calif. and Starwood Capital Group of Greenwich, Conn. acquire 715 acres south of Corona in one of the largest land deals in Riverside County this year. The commercial portion of the ensuing development will be about 15 acres.
DENVER-Estimates of the cost of a hotel near the new Denver convention center have proven to be much more than anticipated, but the City wants to go ahead with it in any case.
SAN FRANCISCO-The National Park Service is the official owner of Sausalito's Fort Baker, the last Army Post in the Bay Area, and plans to use the prime location to build a conference center and retreat. The Park Service estimates $88 million will be needed for capital improvements on the property.
ORLANDO-U.S. Bankruptcy Court Trustee R.W. "Bill" Cuthill Jr. will outline a tentative settlement with the family of convicted stock broker William J. Zylka of New Vernon, NJ, who sold unregistered mortgage-backed securities in an alleged $214 million swindle.
NEW YORK CITY-Known as the Prince Building and located on the corner of Broadway and Prince Street, the 105-year-old building is home to the trendy A/X Armani Exchange SoHo store and is the three real estate trusts' sole Manhattan asset. The deal was struck yesterday after an all-night session.
DALLAS-After six months on the market, a vintage office/warehouse, totaling 21,132 sf, is sold to a user who gets expansion space and a long-term tenant. The first sale brings more than $470,000 for the East Dallas property owner.