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TUSTIN, CA-The 53,842-sf industrial building was once home to the Laguna Cookie bakery and later housed a biscuit maker. The buyer is an investor who is offering it for lease.
SAN JOSE-The City of San Jose broke ground this week on a new 555,000-sf City Hall. The 18-story tower designed by award-winning architect Richard Meier will be ready for occupancy in 2005.
SAN FRANCISCO-Downtown San Francisco will be the world headquarters for Skyy Vodka, which has signed a long-term lease for 15,446 sf at One Beach Street in the Financial District.
WOODBRIDGE, NJ-The state agency has given OENJ Cherokee the go-ahead to clean up a 290-acre brownfield site that the developer wants to turn into a staging area for up to 20,000 cars.
SAN ANTONIO-Paul Roberson wins the honor from the Washington, DC-based National Association of Installation Developers. Under his leadership, the decommissioned base now has 50 tenants and 12,500 jobs.
PHILADELPHIA-The data service firm's expansion takes the 100,000-sf building, one of two at the center in Media, PA, to 90.3% occupancy. Terms are undisclosed, but area brokers confirm to GlobeSt.com that the average asking rate is approximately $26.70 per sf.
HAYWARD, CA-Pipe and Tube will relocate from San Francisco to Hayward, after signing a long-term lease for 24,400 sf of warehouse and distribution space. According to brokers, the company saw a great value in moving to the East Bay.
TROY, MI-The multifamily and retail sectors are strongest in this suburb of Detroit, with new condominium projects for about 360 units and shopping districts springing up all over the city.
MIAMI-Construction on the 562,000-sf Metropica project, being built on 39.8 acres at a hard construction cost of $285 per sf, is scheduled to start in December on several structures that will house office, retail and residential in Sunrise, FL, 20 miles north of Downtown Miami.
AUSTIN-Talk around town is Wells REIT paid about $200 per sf for the 195,230-sf Harcourt Building in the northwest submarket. The single-tenant building comes with a 10-year lease, in keeping with Wells' buying strategy.