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SEATTLE-A Seattle college has agreed to sell its Cornish Hill campus to a cathedral to raise the $71 million it needs to relocate to Seattle's downtown area. The sale will be completed in August.
SANTA ANA, CA-North American ATK renews its lease at 3210 Croddy Way for an additional five years. Built in 1977, the single-story facility features four ground-level loading doors, an 18-ft clear height and 400 amps of power.
LONDON-Nicholson Estates has been selected as preferred developer for a 230,000-sf mixed-use scheme in Camberley, Surrey. The council has been trying to secure the development of the site for a decade and this is its third attempt.
ATLANTA-The mixed-use, 77,691-sf Cornerstone Building on Peachtree Street that has fallen on hard times and is best known for its downstairs eatery, sells for $5.7 million. The four-story building, previously owned by Buffalo, NY-based HSBC Realty, is 34% occupied.
SAN JOSE-The Silicon Valley region may soon get some relief from its housing crisis with the approval of agreements to build two new housing communities in the South Bay.
PHILADELPHIA-As it shifts its focus to office properties, Plymouth Meeting, PA-based Brandywine Realty Trust unloads Metropolitan Industrial Center in Trevose, PA, and Bucks County Business Park in Langhorne, PA, selling to Chicago-based First Industrial Realty Trust.
AUSTIN-Austin Centre gets about 5,900 sf in renewals from SWS Group and J. Stern while Frost Bank Plaza gets the Cammack & Strong law firm, which has signed a new deal for a 2,099-sf office spot.
LAKE FOREST, CA-Costa Mesa-based Armstrong-Butcher Properties LLC acquires the 12-acre site. It plans to build 29 industrial facilities on the property, ranging in size from 4,000 sf to 20,000 sf.
PHILADELPHIA-In transforming Downtown Cleveland's now-vacant Dillard's department store as a 700,000-sf office property, locally based-Forest City Enterprises is bringing back the 1931 building's original Higbee nameplate and pouring $20 million into a renovation to restore the property's bygone "elegance.