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SANTA ANA, CA-Encompassing 47,100 sf, the building stands at 1661 Palm Ave. in Santa Ana. Buildings in this small to mid-sized range continue to be the biggest sellers in the Orange County region.
HOUSTON-TradeSpark moves into 18,748 sf at 1301 Fannin, a class A CBD property that's now 90% occupied. The tenant is an energy brokerage consortium with Cantor Fitzgerald as a lead player. In light of 9/11, it was decided to expand locally.
CARLSBAD, CA-A slew of new transactions may bode well for the area's less-than-stellar office market. Carlsbad Executive Plaza has seen signings by five new tenants for a total of 20,487 sf and two renewals for an additional 6,182 sf during the first quarter
SAN ANTONIO-Drury Inn cuts the ribbon on a 210-room hotel, marking its 11th hotel in San Antonio. The St. Louis-based hotelier's newest location is at the intersection of Interstate 10 and Wurzbach Road.
BOLTON, MA-The town's zoning board of appeals approves a developer's proposal for a 24-unit residential complex with an affordable-housing component but adds the caveat that the developer has to cap his profit from the project at 12.4%.
CARSON, CA-Kenneth Jordan and Robert Lange of Robert Skeels & Co. made the purchase. The distributor of commercial and residential door hardware is scheduled for an end of May occupancy.
DULUTH, MN-The school district's buildings could be converted to housing developments and warehouses. At least three properties, including a former high school, are expected to be put on the market this summer.
HOUSTON-Rental revenue is up 28% over Q1 2001's results. The spike, says the REIT, is from 258 new leases and renewals, totaling one million sf. But, the Houston-based Weingarten also has new projects and buys to thank for the strong showing.
PHOENIX-The Northern California distributor cuts a long-term deal for part of an industrial building at 3602 W. Washington St. The tenant is storing and distributing beverages from the site. Colliers International and Lee & Associates broker the pact.
ATLANTA-The three retail properties and one office building, owned by Newport News, VA-based Suttle Holding Corp., are in Williamsburg, VA.and Hampton, VA.