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LOS ANGELES, CA-The L.A.-based Kor Group taps Taisei Construction of Cypress, Calif. to convert a 53-year-old, 13-story office tower to 322 apartment units, part of a continuing trend Downtown.
ATLANTA-Locally based Burroughs & Chapin Co. is developing the 409-room, 14-story inn that will be built, owned and managed on 10 oceanfront acres by Fort Mitchell, KY-based Columbia Sussex Corp.
AUSTIN-Hospital Housekeeping Systems Inc. intends to occupy the historic downtown Austin building as its new headquarters. Owner-occupied deals continue to bouy building sales, bringing a rare ray of hope to the struggling Austin market.
PORTLAND-"After a year and a half of bleeding, the local market still needs a few more solid quarters of positive news--especially as it relates to the manufacturing and semiconductor sectors--before it wipes the sweat off its brow," states the just released mid-year industrial report by Grubb & Ellis.
SAULSALITO, CA-The Sausalito City Council will decide this week whether or not to appeal a federal ruling dismissing the city's lawsuit over a proposed $60 million development project at nearby Fort Baker.
CARSON, CA-ICREST International takes half of a 99,000-sf building in Carson's Dominguez Technology Center. The new building at 1250 Victoria St. was developed and is owned by The Carson Cos.
SAN DIEGO-A limited partnership has purchased a 21,400-sf office building in the Scripps Ranch office market for just under $3 million. Bieri/Avis VI LTD bought the office building from ESU Partners.
BELLEVUE, WA-Seattle Boat and MIU France have both signed leases for industrial space in the 63,000-sf Simone & Associates Building, bringing it to 100% occupancy.
STAFFORD, TX-Deciding its business offers higher returns now than real estate, RTRON sells its 13.85-acre, 145,120-sf corporate headquarters and manufacturing facility here to NL Ventures IV, then leases it back for 15 years.
ATLANTA-The Greenwich, CT-based firm is expanding its existing one-million-sf distribution center in Palmetto, GA with a 10-year lease at an estimated rent of $4 per sf. The contract is believed to be the largest industrial leasing deal done this year in Georgia, area brokers tell GlobeSt.com.