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PLEASANTON, CA-The Northern California District Council of Laborers buys a 23,271-sf building in the Hacienda Business Park for approximately $4.75 million. The agency plans to move from its existing space in Suisun City.
BRIDGEWATER, MA-Bridgewater State College's expansion project is nearing completion of the first phase, which includes an athletic center, a 300-bed residence hall and a 700-seat dining hall. The remainder of the project is expected to finish this spring.
ORLANDO-The New York-based corporate property financier bought three of the St. Petersburg, FL-based photocopy supplier's buildings totaling 337,000 sf for about $93.18 per sf.
MORRIS PLAINS, NJ-The buy is part of Weichert Commercial's long-term effort to expand its reach in the Northeast, and the Hirschman group will help solidify its foothold in Bergen County, NJ, the state's most populous.
ROUND ROCK, TX-A closing is set for Dec. 12 between the student loan organization and a joint venture of Kennedy-Wilson and Fortis Advisers. The sale will drive a consolidation of corporate functions and a call center.
HOUSTON-The CBD, for the year, is now 650,694 sf in the red. Vacancy overall has edged up to 13.54%. Rent is flat. More job cuts are coming. The upshot is troubled times are ahead for the Houston office market, according to Trione & Gordon.
SOMERVILLE, MA-The city and the attorney for the developer express relief at the judge's ruling in which he requests an explanation as to why a special permit site plan review was not required when the development of a 173,000-sf Home Depot at Assembly Square Mall was approved.
PHOENIX-Paramount Hotel is plotting a move to double the management portfolio and investment opportunities to push their three-year-old company into the national arena. The NJ-based firm now oversees 3,000 rooms, mostly in the Eastern US.
PALM SPRINGS, CA-The Las Vegas company pays $16.6 million for Cimarron Golf Club and development rights to Cimarron Resort, which it describes as an upscale project near Palm Springs.