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IRVINE, CA-J. Chris Walsh joins the company as an executive vice president and head of relationship banking for its Commercial Capital Bank subsidiary. He will be based at the company's Irvine headquarters.
NEW YORK CITY-Huntington, Long Island-based Winona Realty Ventures closes on the land, located within the New Horizons Planned Industrial Park, and now plans to develop it. Insignia/ESG, which brokered for the seller, has been hired to market the planned building.
ORLANDO-New suburban residential development is opening up large parcels for commercial ventures especially in the submarkets of Pasco/New Tampa, Brandon/Southeast, Citrus Park, 4th Street-St. Petersburg and Lakewood Ranch in Sarasota/Manatee.
TEMPE, AZ-Estrella Produce Co., led by Curtis Farnsworth, liked the 100% occupancy and good condition of the Sunrise Apartments. The offer came within five days of the "1980-something" complex going up for sale.
WEST ORANGE, NJ-The telecom giant's directory services operation will occupy just over one-third of one of the four buildings making up the Reckson Executive Hill Office Park.
PORTLAND-With its existing 115,000-sf lease expiring in just over 24 months, Automatic Data Processing, anchor of the 181,000-sf ADP Plaza office building in Downtown Portland for the past 15 years, is negotiating with its existing landlord and others to make sure it secures the best new lease deal possible.
ATLANTA-The Birmingham, AL REIT has increased payouts annually since its initial public offering in September 1993. The trust owns 106 multifamily, office and retail properties in the Southeast.
DENVER-The full-service general contractor, design-builder and construction manager will design the sandwich restaurant franchiser's new offices at 1475 Lawrence St., a building developed by Weitz Co. in 1981.
AUSTIN-The feds' short list remains fluid, but it appears Intel's unfinished CBD building isn't high on the roster. A site could be decided within two weeks as the process then shifts into the long haul of establishing property value.
LONDON- Liverpool Victoria Asset Management has bought the 105,000-sf Easter Park industrial estate at Lenton Lane, Nottingham for pounds 7 million ($11 million) to show a net initial yield of 7.78%.