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TEMPE, AZ-Debt Free Arizona relocates from 20,000 sf into a 49,845-sf building along East Broadway building in Tempe. The sweet part for employees and movers is that it's just a few blocks away.
DETROIT-The city claims victory when a judge says the bidding process was wrong, but not enough to redo a Detroit deal that created three casinos in city. A new deal for permanent sites is due July 31.
CONCORD, MA-A day before they were to be put on the auction block, the campaign of Warren Tolman, a Democratic gubernatorial candidate, cancels the sale of two parcels of state surplus land that were being sold to fund the Clean Elections law.
ORLANDO-The vice president of the Maitland, FL-based brokerage is $4 million ahead of his last year's six-month volume and sees a strong sales market ahead in both user buildings and investment properties.
NEW YORK CITY-Manhattan has weathered the national real estate downturn this past year and stands to recover strongly as companies begin hiring again in 2003, according to the latest Grubb & Ellis report. A company spokesperson tells GlobeSt.com that a high pre-lease rate and diverse tenant base in the city will continue to ensure stability as the 5.5 million sf under construction comes online.
WASHINGTON, DC-The US General Services Administration takes a step forward in the redevelopment of the Old Post Office Building with the recent selection of AEW Capital Management to oversee the endeavor.
AUSTIN-The Austin-based real estate group is adding nearly 200,000 sf of retail to its portfolio. It just bought one center, but has three more in various development stages around town. Two projects are in the southwest submarket.
ATLANTA-Locally based-Southeast Capital Partners and a northeastern partner are looking to pay between $70,000 and $90,000 a unit for multifamily rental properties under 10 years old that serve the upper-middle and high-end markets. Atlanta, Nashville and Tampa are prime targets.
HOUSTON-For Cemex, the site was just surplus real estate. But for US Marble, it's a new address with room to grow. The buyer is reinstalling a rail spur to the site and its 10,000-sf warehouse, where it will store marble slabs.
MIAMI-Schmier & Feurring Properties of Boca Raton, FL paid $21.7 million for the eight-year-old, 138,000-sf former warehouse property at 791 Park of Commerce Boulevard in the Arvida Park of Commerce. Boca is 70 miles north of Downtown Miami.