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SAN DIEGO-In its third transaction in a month, H.G. Fenton Co. has acquired Club River Run, a 368-unit luxury apartment community in Mission Valley for $49.5 million.
WASHINGTON, DC-Marriott severs business ties to the Republic of Myanmar following requests from labor unions protesting the country's military dictatorship.
MCLEAN, VA-Sunrise Assisted Living reveals it will form a joint venture with New Jersey's PRICOA Property Private Equity for the purpose of acquiring and developing up to 50 properties in Great Britain and Germany over the next several years. Together, the two companies will have an estimated $120 million to fund their international expansion.
OXNARD, CA-AstroCosmos Metallurgical has signed a 10-year lease valued at $3.9 million. The company will be expanding its headquarters into a 70,000-sf facility here.
ORANGE COUNTY, CA-New research on the region's office market shows that the vacancy rate rose in this year's first quarter, while rents dropped. However, the region seems poised for recovery, as the same quarter experienced a decrease in construction levels and sublet space.
LOS ANGELES-Kelly Paper Co. Inc. signs on for all of a 41,328-sf building Downtown. The building owner is Western States Technologies Inc., a Los Angeles-based real estate investment firm.
PORTLAND-Topics to be covered at the luncheon on May 9 include: explaining the concepts of sustainability as it pertains to LEED; Portland projects that fit the model of sustainability; and how green building strategies can affect the overall success of a project.
BASTROP, TX-Susan Wendel will step in as president and CEO of the Central Texas town's chamber of commerce. Her "get-it-done" attitude is sure to help spur more development for the state's 10th fastest growing community.
NEW YORK CITY-The 102-year lease on a major chunk of TriBeCa real estate is valued at more than $25 million. Currently a warehouse district, the area is earmarked for residential and retail development.