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NEW YORK CITY-Now that his promotion is official, Joel S. Herskowitz is in talks with six senior brokers as possible additions to the firm. He tells GlobeSt.com that Mary Ann Tighe's defection to CBRE last month opened the door for high-level brokerage headhunting.
PHILADELPHIA-In its second major purchase this week, Berwind Property Group acquires a parcel in the 125-acre Glenloch Corporate Center in Frazer, PA from developer J. Loew & Associates. BPG plans to develop 600,000 sf of spec and
PHILADELPHIA-Locally based BPG adds the 12.55-acre King of Prussia Business Center to its Fund V equity fund. The class-B property includes 14 one- and two-story buildings with 175,000 sf of rentable space and is 82% leased.
IRVING, TX-A two-month stretch without a Dallas-Fort Worth affiliate ends for the 200-market ONCOR International. Kennedy-Wilson got the title in 1999 when it got Jerry Fults. With Kennedy-Wilson's changes, the role was up for grabs.
WESLACO, TX-The Knapp Medical Center undertakes a renovation and expansion of its emergency room area. The 28,000-sf project will be done in October 2003. The Dallas team for McCarthy Building Cos. gets the job.
SAN ANTONIO-There are strong signs that the industrial sector is ready to climb, says Grubb & Ellis. Citywide vacancy dropped to 17.1% from 18.1%. As for rent, warehouse distribution rose and flex dipped.
HOUSTON-The Arizona-based developer's tract is at the East Houston intersection of Wood Forest Drive and Maxey Road. The plan for the land is to build the 381st Walgreens in Texas.
AUSTIN-Cadence McShane will be expanding the George Washington Carver Museum and Carver Branch Library in East Austin. The facility, set up up in 1933, was the state's first neighborhood museum of African-American history.
SEATTLE-L.J. Melody & Co. arranges the permanent loan for the 398,500-sf property. Bear Stearns provides the funding on behalf of Selig Real Estate Holdings Five
LONG BEACH, CA-The Los Angeles-based developer bought the rights to develop the apartments above retail space as part of the eight-block, $75 million CityPlace project in downtown Long Beach.