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DALLAS-The merger ends a year of speculation as to who UCR's Mickey Ashmore would bring on as a partner. Tricor Realty, an 11-year-old niche player, is signed to take the combined firm to 26 brokers and 10 million sf, for now.
SPOKANE, WA-Development, leasing and land sales at the Spokane Business and Industrial Park is seen as a positive sign for the area economy despite regional layoffs and stock market volatility, according to Crown West Realty.
SCHAUMBURG, IL-Nearly 50,000 sf of space is claimed in new lease deals, but they involve companies staying put or moving from one northwest suburb to another, keeping submarket vacancy well above 20%.
SAN DIEGO, CA-Transworld System Inc., Countywide Financial Services and Ecodom Corp. have all recently signed leases at the Rio Vista Office Building. Worth $1.2 million combined, the new transactions have helped push the facility's occupancy level to above 91%. Just six months ago, the property had a vacancy rate of 46%.
SCHAUMBURG, IL-Nearly 50,000 sf of space is claimed in new lease deals, but they involve companies staying put or moving from one northwest suburb to another, keeping submarket vacancy well above 20%.
CARLSTADT, NJ-The financial services IT provider will spend $104 million to grow its data backup and recovery center by almost one-third and raise its total New York metro space to some 600,000 sf.
TEMPE, AZ-The 9,801-sf pair sell without ever coming to market. One seller with one loan finds two buyers to highlight the deal. One buyer puts up $615,000 and the other, $625,000 for the buildings in Tempe Commerce Center.
GLENDALE, AZ-Low interest rates and the cost of the remaining eight years on the lease convince the Arizona Automotive Institute to buy its campus, a six-building layout at 6829 N. 46th Ave. The school has been a tenant for more than a decade.
LOS ANGELES, CA-The market has maintained stable vacancy rates despite the weaker economy, but rent growth slowed in the second quarter and demand was lackluster, according to a quarterly study by Hendricks & Partners.
NEW YORK CITY-Building owners tell GlobeSt.com that it will be "business as usual" tomorrow, and that trophy property managers will not increase security staff for that day. Many will craft their Sept. 11 plans in accordance with a recent Real Estate Board of New York memo on the subject.