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HOUSTON-Campbell, George & Strong lease 6,123 sf of class A space in the Galleria submarket. The firm has added partners and increased its business, creating an obvious need for larger offices. It was leasing about 4,000 sf in the Greenway area.
CARLSBAD, CA-With comparable prices ranging from $140 to $155 per sf, the sale price of $169 per sf is believed to be a record for concrete tilt-up construction in Carlsbad, according to Peter Andrich, a broker in the Irvine office of Cushman & Wakefield.
SOMERVILLE, MA-The city's redevelopment authority approves a major change to the Assembly Square Revitalization Plan to develop the 145-acre Assembly Square. The city will tale title to four sites, totaling 189,000 sf, under the law of eminent domain.
MIAMI-Real estate investment trust Equity One Inc. continues to pursue its strategy of acquiring properties in the high-growth South Florida region with the recent purchase of the Shops at the Meadows for $8.9 million. Publix anchors the 75,500-sf shopping center.
NEW YORK CITY-Community Board One has fired the opening salvo in what promises to be a fierce battle over the proposed Edward J. Minskoff building at 270 Greenwich St. Board members say it's too big, too tall, and totally ill-conceived.
DETROIT-The 840-acre project would uproot homes and businesses and be too close to existing neighborhoods, planning commission members say. It also would generate meager tax revenues, they believe.
CHANUTE, KS-Infinity Inc. recently bought the 116,000-acre Sand Wash basin property in northwest Colorado and southwestern Wyoming in an attempt to stick with a strategy emphasizing three current projects.
SACRAMENTO-With a $33 million construction loan, Westlake Villas Apartments is ready for development. The luxury apartment complex will consist of 285 units in 30 buildings.
DETROIT-The plan commission agrees to a proposal involving the sale of city-owned land for $663,000 to developer Joseph Palazzalo of JCT LLC. It also enacts some conditions on the planned-unit development.