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GARLAND, TX-Five Market Street properties in Garland are pushing 100% occupancy, thanks to three more "done deals" for Rreef. The largest block, 51,200 sf, goes to an existing tenant who decides to take over the entire building.
HOUSTON-Kimberley Partners leverages the financing with the Paragon Engineering complex at 10777 Clay Rd. in the Energy Corridor. Just recently, Paragon signed a 10-year lease for a second building.
NEW YORK CITY-The Industrial Development Agency's board of directors took the $8-billion Liberty Bond funding initiative a step closer to reality by voting to approve the program at its monthly meeting, held this afternoon.
NEW YORK CITY- Local tenant rep firm Byrnam Wood LLC has joined the Oncor network of privately owned commercial real estate companies as its NYC affiliate Managing director Gordon Ogden will take on the role of Oncor manager, serving as conduit for the firm's multi-market business.
ORLANDO-Robert I. Earl, the $600,000-a-year chairman of the 11-year-old, locally based, celebrity-themed restaurant chain, denies any wrongdoing and suggests any investigation by the Securities and Exchange Commission will clear the company as well.
ATLANTA-As the airline files for Chapter 11 bankruptcy protection, the Raleigh, NC-based REIT awaits the court's ruling on seven leases that represent annual realized rental revenue of $6.9 million.
WASHINGTON, DC-The Real Estate Roundtable will reiterate the need for a federal terrorism insurance backstop today at President Bush's economic forum in Texas. Organization officials are expected to call attention to the corresponding dearth of construction and other resulting negative implications.
SEATTLE-Both grocers have been planning development projects that put their grocery store beneath an apartment building. Thriftway now says it will delay its project in the Queen Anne neighborhood for two years while QFC continues to seek approval for its project in the Wallingford neighborhood.
LEXINGTON, MA-NRT Inc., a subsidiary of NY-based Cendant Corp., purchases The DeWolfe Cos. Inc. for $149 million. DeWolfe will be merged with Coldwell Banker Hunneman, one of NRT's subsidiaries, to create the largest real estate and home services organization in the New England region.
AUSTIN-The Austin Revitalization Authority will beat a December deadline imposed by council for its next undertaking, a 57,000-sf office and retail building along East 11th Street. It's part of a mixed-use corridor of historic properties.