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NEW YORK CITY-In a major coup, Insignia has hired Woody Heller away from Jones Lang LaSalle. He adds the title executive to his managing director title. Heller also takes his senior associate, Carly Borg, with him as Insignia continues to beef up its Capital Advisors Group.
NEW YORK CITY-Havas Advertising's media services division, Media Planning Group, is gearing up for a consolidation and expansion of its New York operation. The firm will move into two full floors of Downtown space early next year.
ATLANTA- Bright-Sasser Canton LLC, based in Chattanooga, TN, has sold a 302,024-sf shopping center to Inland Retail Real Estate Trust. The center is currently 100% occupied by 49 tenants, including Publix and Belk's.
NEW YORK CITY-A partnership led by a Radnor, PA investment group paid somewhere north of $120 per sf for the 22,000-sf asset. The two-story building is fully leased to a UK-based pharmaceutical firm.
SAN FRANCISCO-The drop has been about 15% over the past year, according to a new report by RealFacts. Rents have not been this low since early 2000. The good news is that the rate of decline is slowing.
MESA, AZ-The 85,349-sf Village at Augusta Ranch in Mesa goes to a Scottsdale limited partnership. These days, buyers can't go wrong plunking their cash into grocery-anchored centers that are well-positioned in growing neighborhoods.
FLORENCE, NJ-Ta Chen International will use the space, located in a new spec building in Whitesell's Haines Industrial Center, to distribute products made by its parent company in Taiwan.
LONDON-Dublin-based Merrion Property Group has sold two key retail holdings in Northern Ireland, to a local investor. The sale included the park centre, the major shopping mall serving West Belfast.
SPOKANE, WA-Gonzaga University launches a $119 million fund raising campaign to pay for the largest endowment and construction initiative in the university's 115-year history.
MERIDIAN, CO-It hardly puts a dent in the 420,000 sf the brokerage house vacated in the Meridian International Business Park in Douglas County. However, the company picks ParkRidge Corporate Center to house its 401(k) account division.