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TUALATIN, OR-In a long-term deal with an estimated value of about $3 million, local businessman Myron Nelson inks a deal for 21,227 sf that will become his first Westside location for his growing chain of health clubs.
CHICAGO-Over the next several years, nearly 5,000 multifamily units, 2.4 million sf of office space and 1,200 hotel rooms are slated for land along the Chicago River once used as an Illinois Central Gulf rail yard.
LAS VEGAS, NV-Unionized workers at the Golden Gate Hotel & Casino in Downtown Las Vegas have gone on strike as of 6 p.m. yesterday, due to the inability to reach a contract agreement with the casino owner. It is the only casino that has not yet reached tentative agreements with the Culinary Workers Union Local 226 and Bartenders' and Beverage Dispensers' Union Local 165.
ATLANTA-The estimated $40 million deal calls for Internet Security Systems of Atlanta leasing the two existing buildings for 10 years at an estimated aggregate rent value of $47.7 million, one of the biggest office leases signed in Atlanta this year, area brokers familiar with the Barfield-Mount Vernon Highway submarket tell GlobeSt.com.
HOUSTON-Chris Caudill exits Grubb & Ellis for NAI Partners Commercial while Kirby Attwell steps down as COO for New Regional Properties to become an associate for Weitzman's Houston team. Caudill becomes a senior associate with the move.
SOUTH PLAINFIELD, NJ-Great Farmers Market has signed a lease with Levin Management for the 21,000-sf former supermarket at 1260 Park Ave., occupying the entire building.
DALLAS-Vacancy overall is 24.8% or 25.8%, depending on who's doing the counting. Giveaways are up. Rent dipped, just not by as much. And, the Dallas CBD is no longer the engine for rising negative absorption, now up to 1.6 million sf.
CHICAGO-A 30,000-sf Marshalls store and 24,955-sf AJ Wright outlet are the newest anchors at the 175,000-sf retail center at North and Cicero avenues in the Austin neighborhood on the city's West Side.
MESA, AZ-The 25-year-old Gilbert Plaza in Mesa is now 97% occupied, thanks to a successful repositioning mortared in a top-to-bottom makeover. Michael A. Pollack Real Estate Investments is the owner.