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SIMI VALLEY, CA-Am-Pac Tire Distributors Inc. renews its lease with The Carson Companies for a 58,250-sf warehouse and distribution facility. The lease agreement is valued at $4 million.
SEATTLE-A Master Use Permit for Martin Smith's 220,000-sf office project will be issued after the Pioneer Square Preservation Board signs off on the project, which is slated for property immediately north of a designated city Landmark.
ORLANDO-The vacant parcel in Panama City, FL went to Birmingham, AL-based Edgewater Beach Properties LLC for $1.12 million or $41,413 per acre (95 cents per sf). St. Joe starts auctioning 15,000 acres of timberland next week.
OAKBROOK, IL-The 10 new tenants in the first quarter is ahead of last year's pace, company officials note. So are earnings per share at 28% over the first quarter of 2001. Submarkets are generally firm across the area.
DENVER-Mayor Wellington Webb is scheduled to meet with top officials from Marriott, Hyatt, Hilton, Starwood, Omni, and Loews next week in the first step to developing a hotel across the street from the city's $268-million convention center.
SAN JOSE, CA-A new deal with the the city gives Downtown's only cinemas a new 20-year lease and a $2 million rehabilitation loan at 3% interest. "The Cameras are vital to what our downtown offers for culture and entertainment,'' says San Jose Mayor Ron Gonzales.
NEW YORK CITY-A narrow strip of land that would change the footprint of a new 7 World Trade Center building and restore the original street grid is being acquired by the state through its powers of eminent domain and transferred to the Port Authority.
DENVER-Metropolitan Homes will build 400 units of its patio homes, townhomes and condominiums after buying acreage from Schuck Corp. Melody Homes plans single-family developments.
CHICAGO-Resignations of chairman Michael Reschke and chief executive officer Richard Curto from Prime Group Realty Trust are enough for Vornado chairman and chief executive Steven Roth and executive vice president Wendy Silverstein to drop a bid to seek seats on the board.
WALNUT CREEK, CA-For 700 Ygnacio Valley Road, even small leases are a big deal. Three recent leases have pushed the occupancy rate of the building to 100 percent, a sign that Walnut Creek's class B office market is remaining steady.