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SAN FRANCISCO-Farella Braun and Martel will begin an extensive renovation project this June on its newly extended headquarters in San Francisco's historic Russ Building. The plan includes a full-build-out of four floors and interior improvements of 11 floors.
MUSKEGON, MI-A 185,000-sf building formerly used by the Amazon Hosiery Mill in a tax-free zone on Lake Muskegon will cost $16 million to convert into 125 multifamily loft rental units.
HOUSTON-NCI Building Systems hawks 40,000 sf in two buildings near its corporate headquarters in the popular northwest industrial submarket. The holding was on the market for nearly four months at an asking price of $1.1 million.
ANAHEIM, CA-Syndicated Office Systems inks a $40-million, 10-year lease for 140,000 sf in Arena Corporate Center, which will be completed late this year. The company will relocate its headquarters from Santa Ana to the Anaheim office project in 2003.
DENVER-Meetings with officials from Marriott, Starwood, Hilton, Loew's and possibly Omni were on Mayor Wellington Webb's weekend schedule. The city is looking for an operator of a hotel at its Downtown convention center.
SILVER BAY, MN-A demonstration plan could lead to a larger, $70-million iron ore processing plant. Kobe Steel, Ltd., Ferrous Resources LLC and Ferrometrics, Inc. already have signed on.
SAN JOSE-The San Jose Redevelopment Agency is seizing a property next to Fountain Alley for its redevelopment project, but not without a fight. San Jose Parking Inc. is defending its rights to the land.
TEMPE, AZ-The four-building Hardy Center in Tempe completes a 1031 exchange and puts the seller a step closer to dissolving a partnership. The fully leased buildings come with a stable rent roll and staggered lease expirations.
DALLAS-The plan is for Realty Resources to close its East Coast office and bring the executive director to Dallas. It's a "pure merger," GlobeSt.com is told, with both organizations bringing something to the party.
PORTLAND-The City Council here appears amenable to increasing restrictions on the demolition of historic buildings, but incentives for renovation may also be on the way.