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NEW YORK CITY-A Michigan-based joint venture buys the Atlantic Building in Downtown Philadelphia as part of a nationwide purchase plan. Besides a Center City location, a strong tenant roster was a draw.
IRVINE, CA-The Irvine-based LLC acquires nine executive suite centers and leaseholds for $2 million from Great Offices Inc. dba American Office Centers. With this acquisition, The Bascom Group and its wholly owned affiliate Premier Business Centers will be one of the largest privately held owners of executive suites in Southern California.
SAN LEANDRO, CA-The Marina Corporate Center has filled out its 52,000-sf complex thanks to two small leases totaling about 6,300 sf, the combined value of which is approximately $1.2 million. The center will be growing onto an adjacent one-acre parcel.
STAMFORD, CT-American Express Corp., has officially put the space it had leased in Stamford shortly after the Sept. 11 terrorist attack on the World Trade Center, on the market for sublease.
AUSTIN-Molecular Imprints takes a giant leap from its Austin Technology Incubator into a 15,975-sf flex spot at a North Austin complex. Founded in February 2001, the firm uses technology developed by University of Texas profs and their students.
PORTLAND-Portland State University's bid to pay $22 million for the 15-story, 305-unit Ione Plaza apartment building fell to second in line this week when its owner, the nonprofit University of Oregon Foundation, selected another buyer.
BOERNE, TX-The locally based developer has a 17,000-sf office building rising in one part of Boerne and a 19,400-sf structure going up in another section of town. The Johns Road Crossing project will end up with four structures of mixed-use space.
HOUSTON-The high-rise gets an "Excellence in Education" award from the Engineering, Science and Technology Council of Houston. Greenway Plaza is given the accolade for developing a $39,000 science lab for its FACES of Change elementary school partner.
WAUCONDA, IL-A 10,000-sf building most recently used as a restaurant as well as 20 condominium units, all on the south shore of Bangs Lake, go on the block next month in two separate auctions.
IRVING, TX-Hunt Textiles steps in as the owner of a 22,000-sf industrial building on about three-fourths of an acre near Texas Stadium. The textiles distributor was one of six bidders once the property's asking price was "notched down.