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HOUSTON-A 10,000-sf building along Hardy Street changes hands while 14,000 sf is leased in the far northwest submarket. Northside Redevelopment Center acquired a class C office/warehouse building assessed at roughly $125,000.
PORTLAND-Cliff Gibbs, the longtime director of finance for Equitable Real Estate, will oversee service on the firm's three-million-sf third-party management portfolio. Gibbs replaces Carol Ambrose, who last month became head of Portland-area property management for PS Business Parks.
SAN FRANCISCO-The four-story, 88-unit, class B Lakepoint Apartments is located at 257 Vernon St. near Lake Merritt and Adam's Point in Oakland. The sales price represents $111,932 per unit.
ROCHESTER, MI-The three-year, $86-million plan will enhance and expand Crittenton Hospital Medical Center programs and services. Included are a 10,000-sf expansion of the emergency department and 25,000-sf south addition.
BAKERSFIELD, CA-The Allen Group is developing two buildings for ChevronTexaco in Bakersfield. The projects will add 145,000-sf to Allen Group's 35-acre University Centre development.
ANAHEIM, CA-Anaheim 34 LLC pays $3.2 million for the property, known as the Dale Manor Apartments. The new owner plans to spend $150,000 to rehab the complex.
RICHARDSON, TX-The Telecom Corridor's big-ticket perks are reserved for well-heeled shoppers signing for the long term. Today's trend is to set the terms on a deal-by-deal basis. The perks, the space and the terms have brought out the lookers.
WESTBOROUGH, MA-Genzyme Corp. takes 85,000 sf while Amersham Biosciences leases 75,000 sf in deals that could be paving the way for biotech companies to shift their focus away from Cambridge to this area.
BILLERICA, MA- Novell Inc., a provider of internet business solutions, acquires SilverStream Software, Inc., a locally based developer of Web services applications, for $212 million.