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NEW YORK CITY-A 10-investor consortium buys the 90%-occupied building, located at 175-200 Community Dr. in Great Neck, NY. A $1.5 million renovation, including a new facade and roof, is slated to begin this fall.
LAGUNA WOODS, CA-Laguna Woods Ambulatory inks a five-year, $1.8-million lease for 9,096 sf at the Town Centre Medical Building. Completed in May of this year, the 40,000-sf medical office facility is now 100% occupied.
PORTLAND-Occupancy here has fallen for seven consecutive quarters and now stands at 92.3%, according ot the latest report by RealFacts, a multifamily data firm. The good news: the drop this past quarter was the smallest since the slide began in the second quarter of 2001.
LONDON-Consultancy group Atkins has signed one of the biggest lettings of the year in the West End, taking 91,700 sf over nine floors in the Euston Tower. The deal is part of a strategy to consolidate the group's disparate offices under one roof.
PLACENTIA, CA-The Anaheim-based company, which provides temporary power for clients in the construction industry, pays more than $2.1 million for industrial space in Placentia. The facility is located at 625 Fee Ana St.
PRINCETON, NJ-The transactions, one for a biopharm company, the other for an ad agency, involve space at the company's properties here and in East Brunswick, NJ
GREATER BOSTON-The double whammy of the recession and the terror attacks of Sept. 11 are still being felt in this area's hotel market in the form of plummeting occupancy rates and reduced average daily room rates.
HOUSTON-After signing a major deal that will bring Ford Motor Co. to Houston, the Alamo Crossing Commerce Center is northwest Houston welcomes Asian food distributor JFC International to a 60,118-sf space.
NEW YORK CITY- Sterling Equities inks a 10-year extension with its anchor tenant at the 540,000-sf Midtown office property. The existing lease doesn't roll over for another three years.
NEW ROCHELLE, NY-An affiliate of GHP Office Realty of White Plains reports it has purchased 145 Huguenot St., a 300,000-sf office building in downtown New Rochelle.