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DENVER-Industrial vacancy in the market rises slightly to 8.22%, reports Trammell Crow Co., with extremes of 2.3% in the Glendale submarket and 17.3% in the Southeast, which includes the Centennial, Inverness and Meridian Business Parks, the DTC and the Southeast C-470 corridor.
HOUSTON-The fully leased H-E-B-Gessner Plaza in Houston is taken over as a long-term hold as its new owner plots a 7,800-sf addition. Seller Ainbinder/Shannon was seeking $5.2 million for the grocery-anchored plaza.
HOUSTON-The locally based corporation eliminates energy trading and marketing as its president and COO says adios. More cuts are just around the corner. As it stands, 75,000 sf of Dynegy's 700,000 sf already are on the sublease market.
PORTLAND-The Portland Bureau of Planning will present to the public next week the results of an advisory group study examining preservation techniques and incentives for historic resources. The comments will then be presented to the City Council when it considers these topics at a public hearing on December 11.
ORLANDO-The 70-year-old, Orlando-based plumbing company executive, who had planned to retire at 43, is investing $4 million of his own money into The Castle, a 30,000-sf combination reception/meeting hall/exhibition area in Mount Dora, FL, 28 miles northwest of Downtown Orlando.
ORLANDO-Hapimag of Baar, Switzerland, is banking on international tourists to fill its $20 million, 18-building, 100-unit townhouse community at Lake Berkley, just off U.S. 192 in Kissimmee, FL, 20 miles south of Downtown Orlando.
PHOENIX-Aerotec International, forced to move due to an airport expansion, acquires a 54,744-sf industrial structure in the Southern Gardens Business Park. The firm will more than double its space when it moves in at the first of the year.
FULLERTON, CA-The individual pays $1.9 million for the 26-unit, two-story property and plans up to $200,000 in upgrades that will lead to increased rents. The seller had owned the property for several years.
WILMINGTON, MA-205 Lowell Street LLC gets $14.5 million in financing for 205 and 207 Lowell St., two buildings that total 202,820 sf and are being redeveloped into office space. The $14.5 million construction loan was financed from Webster Bank.
ST. CLAIR SHORES, MI-City Place on the Shore, a proposed development that would add 900 condominiums, retail space and offices on the shore of Lake St. Clair, would give this community a much-needed addition to its tax base, says the city manager.