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LONDON-The UK-based European investor CLS Holdings has added to its French portfolio with the €42.5 million ($42 million) purchase of ten office buildings in the suburbs of Paris from Banque Hervet.
SAN FRANCISCO-A lack of interest in purchasing real estate property may be one of the reasons that Bank of America, California's largest bank, has pulled away from SBA's 504 loan program.
HOUSTON-The insurance firm heads into 3,301 sf at 2900 Wilcrest Dr. Its primary office is in Two Allen Center in the CBD. Cushman & Wakefield and Grubb & Ellis brokers work out the details.
SOUTHFIELD, MI-AMC Southfield is torn down with city money, as developers are building new condominiums and restaurants around a renovated hospital. Other developments are in the works around the site.
ORLANDO-In Central Florida's biggest office deal of the year, Inland Real Estate Acquisitions Inc. of Oak Brook, IL paid an estimated $88 million for 440,000 sf of class A space in three of the four existing office buildings at the 109-acre Celebration Place Office Park in Celebration, FL, 20 miles south of Downtown Orlando.
CARSON, CA-In the largest of the deals, Garment distribution specialist Global Apparel Express Inc. signed a seven-year, $4.5 million lease for a 107,525-sf building, where it is has expanded from a 35,000-sf facility in nearby Rancho Dominguez, Calif.
VICTORVILLE, CA-Catellus could build up to 43.5 million sf of distribution space at the 5,000-acre air base, which is being redeveloped as a distribution center and cargo hub by Laguna Hills-based Stirling Airports International in a venture with Southern California Logistics Airport Authority.
ROSEBURG, OR-The subsidiary of locally based Umpqua Holdings Corp., a publicly traded company, buys land here adjacent one of its retail locations for development of a training and support building to complement its Downtown headquarters.
ELMA, WA-The Grays Harbor Public Development Authority has collected a $1 million payment from SafeHarbor Technology to pay for tenant improvements made two years ago that were deemed an illegal loan by auditors.
ISSAQUAH, WA-A joint venture project that is being developed by the Seattle-based real estate development company Intracorp and Olympus Real Estate Partners in Dallas, Talus is a 630-acre mountain-side community that will include more than 1,700 single- and multi-family units, 800,000 sf of commercial space and 50,000 sf of retail space.