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PLYMOUTH, MI-Convertible parts engineer and manufacturer Karmann USA will get a North American headquarters near the popular I-275/I-96 corridor. It will abandon office space in Livonia.
NEW YORK CITY-Jupiter Research is loading the moving trucks today for its relocation to a 16,000-sf Midtown space. The firm, acquired by Darien, CT-based IT news service INT Media Group, will open for business at the new address on Monday.
RESTON, VA-The 154,000-sf Reston Sunrise Phase II building becomes a reality as Clark Construction Group completes the $11.7 million project. The Bernstein Companies and The Clover Companies are the developers of the building, which features three above-grade levels of parking topped with three levels of offices.
ONTARIO, CA-Encompassing 35,000 sf, the retail complex is located at 2529 Euclid St. It was 95% occupied at the time of sale, with tenants including McDonald's and Del Taco.
NEW YORK CITY-In his eponymous Q2 report, Donald Trump attributes the 11% sale price increase this year to a diverse investor pool and a 32-year mortgage rate low prompting buyers to place their assets in the condo market. The average price per sf for one- to three-bedroom luxury apartments in Manhattan hit $942, up 3% from Q1.
CHICAGO-The 50-story, 1.3-million-sf office tower at1 N. Wacker Dr. is now 91% leased with Merrill Lynch leasing 42,000 sf and General Reinsurance 35,000 sf. The West Loop tower built on speculation is for sale.
SAN ANTONIO-The city's blessing jumpstarts what could be a catalyst for retail "inside the loop." The project has a 214,000-sf Wal-Mart Supercenter as an anchor, 110,000 sf of other retail and three pads of about 35,000 sf each.
OAK BROOK, IL-With low interest rates and increasing demand from potential users, suburban office buildings with large blocks of vacant space may be dealt in the coming months, Great Lakes REIT chief investment officer Raymond M. Braun says.
FLOWER MOUND, TX-Maytag Corp. gets a new distribution spot; Best Buy gets a neighbor; and Hillwood fills its first building in an 82-acre project. Before Q3 ends, another 460,800 sf will be rising in Lakeside Trade Center.
ORLANDO-Osceola Circuit Judge Jeffords D. Miller has ruled the 50-member Orlando/Kissimmee Hotel Motel Association can't interfere with contract negotiations the county is having with Orlando-based Xentury City Development Co. to erect a $100 million, 500,000-sf convention center on Osceola Parkway and International Drive South, minutes from Walt Disney World.