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HOUSTON-The Houston firm of Kasowitz, Benson, Torres & Friedman adds 5,202 sf to its lease at 700 Louisiana. The law firm will be occupying 30,223 sf in a CBD office tower that's now 98% leased.
MATTAPOISETT, MA-LogoAthletic sells its 118,125-sf building for $1.7 million to Cape Cod, Massachusetts-based The Bornstein Companies. The broker involved in the deal tells GlobeSt.com that the building is in an area that he believes developers will be targeting soon.
SAN FRANCISCO-Mercy Housing, an affordable housing provider, held a fundraising event last week to raise money for new affordable housing projects throughout the United States. Mercy collected $800,000.
ATLANTA-Marietta Medical Center is locally based-Kirbo Property Services' first office acquisition. The company, in partnership with locally based-Scott & Associates, paid $13.1 million to LaSalle Bank for the 100,000-sf, 95%-leased center across from WellStar Kennestone Hospital.
HOUSTON-Investors scouting the market will have ample selection, with thousands more units coming up for sale. The reason, says a Hendricks & Partners' Houston exec, is it's a good buying season.
OAKLAND, CA-Shorenstein Realty Services signed a long-term lease for 28,678-sf of office space in Oakland City Center's 555 City Center. The tenant is Meyers, Nave, Riback, Silver & Wilson.
BRYAN, TX-A market source says the demographics are such that the 336-unit Signature Park should bait 50-plus offers and more than the $21-million asking price. The complex is 92% occupied, but could be 100% by August when school starts again.
PORTLAND-The bankruptcy and business law firm signs on for another 10 years on the 14th floor. The value of the long-term lease is estimated at more than $4 million.
SEATTLE-Hot on the heels of a six-story office building with ground-floor retail at 428 Westlake Ave. comes the announcement of another South Lake Union project. Vulcan Inc. is planning a 160-unit apartment or condominium complex on Minor Avenue North across from Cascade Playground.