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IRVINE, CA-EnviroSupply & Service pays $1.1 million for the building, which stands at 1791 Kaiser Ave. Completed in 1972, the one-story facility encompasses 12,905 sf.
ATLANTA-Locally based Wood Partners and an unnamed institutional investor have formed a joint venture partnership to develop 265 loft-style residential units in this submarket. Alta West will offer 80% of the units at market-rate rent and the remaining 20% will be set aside as affordable housing.
HOUSTON-Weingarten Realty Investors, in line with a Feb. 26 board OK, hits the trading floor at 3-for-2 stock split. The move, says a Weingarten insider, is being done to offset complaints that the stock is too expensive.
WHITE PLAINS-Westchester County officials say that a total of 30 development firms have expressed interest thus far in building a biomedical research complex in Valhalla that could total as much as one million sf of space.
PHOENIX-A limited liability company gets a five-acre holding with enough room to add 40,000 sf to 50,000 sf. For now, the plan is to put in a beauty school as the neighbor to a 16,000-sf state tenant. When the state's lease expires, the plan changes.
DENVER-The lone councilman to vote against the land use and transportation plan is concerned about how it would affect development of South Federal Boulevard in his district.
SAN DIEGO-Two recent North County transactions, including the sale of an industrial park in a deal valued at $13 million, and a $1.4 million office lease transaction, take place this week.
MILL VALLEY, CA-Liquid Realty partners is currently acquiring portfolios from $2 to $250 million, and is in talks with institutions regarding the acquisition of two significant pools of opportunistic real estate fund interests.
STAFFORD, TX-Tokyo-based Kobe Steel stays put at the Freeport Southwest Business Park, a 12-building industrial project on 235 acres. The tenant has occupied the structure since it was built five years ago.
MIAMI-The deals have an estimated aggregate value of $8 million. Ferrell Schultz Carter Zumpano & Fertel is expanding and taking 23,537 sf for 10 years at an estimated total rent of $7.53 million. Black, Srebnick & Kornspan is extending its 6,002-sf lease for another three years at an estimated rent of $576,192.