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SPRING, TX-The US division of Interceramic International signs up for a part of a warehouse in the Houston suburb of Spring. The site will supply the firm's two Houston stores. Hartman REIT is the property owner.
ATLANTA-The Nashville-based footwear company will occupy its second distribution facility on the company's 215-acre Genesco Park near Lebanon, TN where corporate headquarters are also located. Published reports estimate construction costs at $28 per sf.
PHOENIX-Westcor gets the money and Macerich gets 15.6 million sf and 1,000 acres of raw land. The deal includes the assumption of $733 million in debt, a $72-million issuance of preferred units and the balance in cash.
BOSTON-Without a moment to spare before the state legislative session ends this week, the House and Senate finally shake hands on an affordable housing bill. The agreement means that the state's $508-million housing bond bill can move forward also.
SOMERVILLE, NJ-The company, which is in the midst of an aggressive acquisition program, adds the multi-tenant Post Office Plaza to its two million-sf portfolio.
NEW YORK CITY-Jones Lang LaSalle negotiates an extra 12,000 feet for the privately held investment partnership. The 500,000-sf Edward Larabee Barnes-designed office tower is located in the Plaza District at the corner of 54th Street.
WALNUT CREEK, CA-The Shadelands Business Park consists of six one-story buildings near the intersection of Ygnacio Valley and Oak Grove roads. The property is fully leased.
DALLAS-Grubb & Ellis' Dallas researchers say 2.2 million sf of leased space is up for renewal this quarter. That coupled with continued corporate cuts make for a somber third quarter start for the Dallas-Fort Worth office market.
SAUSALITO, CA-The Sausalito City Council plans to appeal a federal ruling dismissing the city's lawsuit against the National Park Service over a proposed development project at Fort Baker meant to make the historic base self sufficient.
GLENDALE, AZ-A Portland couple plunks the proceeds from a multifamily sale into the 14,481-sf Osco along North 67th Avenue in Glendale. The brokers agree long term-leased, single-tenant retail properties just aren't that easy to find.