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IRVING, TX-Archon Group's 100,000-sf headquarters renewal at 600 Las Colinas Blvd. pushes the 510,000-sf asset's sales team into action. The Dallas area has three trophies on the open market and two under contract or close to it.
PORTLAND-With no other rooms in the pipeline and no planned projects with firm start dates, one local expert says there will be no new supply additions to dampen the effect of a recovery.
ORLANDO-Wendart Inc. is buying an 11.27-acre parcel from Winter Park, FL-based Chester C. Fosgate Co. just east of the Greater Hills subdivision for $1.47 million cash ($2.99 per sf). A Chrysler/Jeep showroom is planned.
ORLANDO-It took NAI Realvest Partners Inc. broker Paul P. Partyka 14 months to do the deal but he finally engineered the $4.35 million sale ($117,568 per acre/$2.70 per sf) of a prime 37-acre parcel adjacent to the Cross County Seminole Trail Head near State Road 434 and State Road 417 (the Greenway) in suburban Winter Springs, FL, eight miles north of Downtown Orlando.
RANCHO CUCAMONGA, CA-The facility, which encompasses 15,213 sf, is located at 10440 Trademark St. The buyer, PCM3 Inc., has already occupied the building, which it purchased for $1.1 million.
LONDON-Antler Property Investments, the private investment company headed by Alan Welsh, has sold a mixed portfolio of 31 properties across the UK to a consortium of private Irish investors for approximately Pounds 86 million ($125 million).
AUSTIN-GTech brings three software development operations to Austin, where it leases 90,000 sf. The lottery operator is hushed about its real estate plans, but did say workers from Washington, Florida and Arizona are headed to town.
SAN FRANCISCO-The San Francisco Planning Commission is holding a meeting this week to determine what to do with all the unfinished office projects throughout the city that are the result of today's shaky office market.
ALEXANRDIA, VA-The Presidential Greens, a 64-year old, 397-unit apartment complex, gets a new owner as United Dominion Realty Trust acquires the property in a $30.2 million deal. The sale also includes United Dominion's assumption of a $20.3 million financing loan for the complex.
CHICAGO-The Great White North is a land of opportunity for real estate investors who might find greater returns in a Canadian office market that is faring better than most in the US, says LaSalle Investment Management.