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NEW YORK CITY-The Atlanta-based REIT buys a 238,400-sf Long Island building, a separate 10,000-sf daycare facility and an 1,875-space parking lot. The property is leased to the GSA and used by the IRS.
VANCOUVER, WA-The regional developer reduces its plans for a speculative office building on the Columbia River from 21,000 sf to 12,000 sf in response to current market conditions.
NEW YORK CITY-These two sectors should experience the greatest recovery lag as the GDP continues to recover, but strong consumer spending and record-level interest rates should stem any unexpected delays for the industry overall.
DALLAS-RealShare Dallas, set for Sept. 25, consists of eight sessions in a power-packed half-day schedule with a hard focus on the economy and can-do techniques from the pros on weathering market conditions.
HOUSTON-Henderson Engineers will move into 2,323 sf and Skypass Travel heads into 1,422 sf, both in Richmond Avenue office buildings in the Westchase submarket. One deal pushes occupancy to 96% in a 96,122-sf structure.
NEW YORK CITY-Upper East Siders know Grace's Marketplace for its high-class take-out, but the family-owned business also supplies many of the city's restaurants and hotels. It will open a second retail store further uptown in a new building that will also house its wholesale business.
ROCHESTER HILLS, MI-The city agrees to an apartment mix with more one-bedroom units at the expense of two-bedrooms in the 144-unit complex, allowing developer Beztak Land Co. to set aside a lower amount of parking spaces for seniors.
DENVER-The world's largest industrial REIT signs a 25-year deal with the footwear company for a facility in ProLogis Park Lihge, where an additional 1 million sf could be built for the tenant if needed.
CARROLLTON, TX-Calvin T. Hull Jr. is a partner and Tia DeFelice, a VP of leasing. Hull says the opportunity was too good to pass up. Billingsley's other move is to void third-party contracts on 3.1 million sf of North Texas industrial holdings.
BEVERLY HILLS, CA-Owners of the 100,000-sf former headquarters of the bankrupt firm are offering the high-profile "Golden Triangle" building for sale or lease. The structure was designed and built for Music Corporation of America (MCA) in 1938.