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COLUMBIA, MD-The 20-year-old, 68,000-sf office building at 5457 Twin Knolls Rd. sells at auction to Washington, DC's Douglas Development Corp. for $7.35 million. The four-story building has a current assessment value of $5.3 million.
SAN DIEGO-County administrators release a 300-page report on the impacts of Indian gaming. It shows a mixed picture. Five more casinos and other Indian projects have opened since that first report in 2000.
NEW YORK CITY-Known for it's high-end but must-have women's pants, the retailer inks a 10-year deal with plans to consolidate two nearby locations into the new space. The deal was signed at a figure close to the asking price of $1 million per year.
FORT WORTH-The 350-unit Montevista is the third complex in less than a month to sell in a quarter-mile stretch where the combined $65 million in price tags are offshoots from Lockheed Martin's $18.9-billion defense contract. This time, Equity gets the prize.
ATLANTA-Locally based First Powers Ferry Partners sells its 16-year-old 1899 Building for $7.5 million to Birmingham, AL-based Daniel Corp. The five-story, 92,588-sf, class-B+ office building in northwest Atlanta is 70% leased. The asking rental rate is $19 per sf.
STAUNTON, VA-An 87,000-sf space that formerly housed a Wal-Mart gets a new occupant with Fisher Auto Parts Inc.'s decision to sublease the spot in Augusta County's Statler Crossing Shopping Center. Fisher becomes the 167,000-sf strip mall's lead tenant in the seven-year deal.
BOISE, ID-Six months after moving from the Bay Area and acquiring the Colliers International franchise here, broker George Iliff convinces the region's largest property owner--which for 15 years had done its own marketing--to give him a try.
PORTLAND-Having at least temporarily answered financing concerns, the Enron subsidiary completes the installation of three chillers that will provide air conditioning to the 1.7-million-sf redevelopment of the former Blitz Weinhard Brewery on the northwest edge of Downtown Portland.
HOUSTON-Transwestern Commercial Services can relax now that its lead tenant, 3D/International Inc. has renewed a 32,398-sf lease. The design-build firm has been a tenant for a decade, but did look around before making the decision to stay.
HOUSTON-The big box fallout finally surfaces in the market, with second-quarter numbers down significantly. O'Connor & Associates says it's not all that bad. Besides, the call is the third quarter will bring change.