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PORTLAND-The Portland-based firm that recently acquired One Embassy Centre for a group of clients is moving its offices from one end of Downtown to the other as its business continues to grow.
UNION, NJ-A New York-based investor is looking to buy the 340,000-sf building at 650 Liberty Ave. anchored by Bed Bath & Beyond, and has tapped Carlton Advisors to arrange the funding.
SAN RAMON, CA-With 1% vacancy rate and a strong tenant base, the 228,000-sf Crow Canyon Commons shopping center in San Ramon trades hands for nearly $30 million.
GLENN HEIGHTS, TX-A local retail developer has 17 acres under contract while another 50, fronting Interstate 35 East, are set aside for commercial development, both key components to a 445-lot community by Hillwood Residential.
ORLANDO-Once a Disney-owned company, St. Joe Co.-owned Arvida expects to close on the deal in Celebration, FL by year end at an estimated $2 million per acre ($45.91 per sf), Orlando area brokers intimate with the north Osceola County submarket tell GlobeSt.com on condition of anonymity.
HOUSTON-Malladi Partners adds an office building to 750,000 sf of retail, 750 apartments and 300 acres, now under development. The buyer had to convince Koll Bren Schreiber to part with 9100 Southwest Freeway.
GRAND PRAIRIE, TX-The land's been in hand since late June. Now, it's time to talk about the plan: a four-building industrial project on 43.24 acres near the DFW airport. A 500,000-sf first phase could launch in Q1 2003.
SAN ANTONIO-Strip out the Albertsons impact and San Antonio posted to the positive with 120,000 sf of retail absorption. Still, the grocer's retreat can't be ignored. It pulled occupancy to 85%, two reports concur.
SEATTLE-Seattle Art Museum officials will consider this week a plan that would allow Washington Mutual to build a 40-story office tower next to the museum. In exchange, the museum would be able to triple its size eventually.