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CAMARILLO, CA-Silagi Development, seeing a shift in demand, plans to build 65,000 sf in five buildings. The project, Camarillo Springs Corporate Center, is designed to appeal to small office tenants.
DENVER-The 83-unit Prospect Place Village project gives multifamily buyers a second chance at the loft movement that swept Downtown more than a decade ago, says the urban pioneer who helped start the trend here.
WASHINGTON, DC-The 538,000-sf office building going up at 901 New York Avenue gets another tenant more than a year before its scheduled completion with law firm Shea & Gardner's pre-leasing of over 72,500 sf.
PHILADELPHIA-Harrisburg, PA-based Caldwell Development Corp. sells Giant Supermarket-anchored centers to Port Washington, NY-based Cedar Income Fund. Cedar expects to acquire another building for an additional $1.6 million.
SAN ANTONIO-Embrey Partners secures a seven-year loan at 5.15% interest with the Palermo Apartments. The collateral is a three-year-old, 90%-occupied development positioned in San Antonio's northwest submarket.
HOUSTON-An accounting firm takes 2,489 sf at Regency Square Tower and a petroleum-related business goes for 1,848 sf at 3555 Timmons. Unilev Management is the lucky building owner in a submarket with a 20.71% vacancy.
IRVING, TX-Northrop Grumman adjusts its Las Colinas space to deliver the first lease for 75,000 sf vacated in a market exit last year by FairPoint Communications. The 20,000-sf deal includes first-generation shell space at 8710 Freeport Parkway.
TEMPE, AZ-The buyer starts renovating a 46,614-sf office/warehouse in a plan to fix and return it to the market for $1 million more than he paid in an all-cash deal. The building, vacant for two years, was sold by Action Performance Cos.
SAN DIEGO, CA-Portland, OR-based Harsch Investment Properties purchases the 214,533-sf Cabrillo Commerce Center, marking the company's fourth San Diego industrial acquisition since it reentered the market in 2001.
BOSTON-The talk about closing Back Bay's Hynes Convention Center in light of the massive Boston Convention and Exhibition Center in South Boston's waterfront prompts the Back Bay Association to step up their fight to ensure it stays open.