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PHOENIX-Brokers from Insignia/ESG represented the tenants in all four transactions, which run the gamut from new leases, a renewal and expansion. The properties are in Tempe, Scottsdale and the West Valley.
DENVER-Borrowers putting in more equity can shave as much as one point off their interest rate, says Eric Tupler of L.J. Melody & Co., especially if they opt for shorter term mortgages.
NEW YORK CITY-Having turned most of its ill-conceived vertical mall into office space, Argent Ventures has brought in Cushman & Wakefield to manage the repositioned property, once the home of Gimbel's department store.
LAGUNA WOODS, CA-The restaurant chain acquires a 1.13-acre parcel in Laguna Woods and plans to build a new eatery here. The sale is valued at nearly $1 million.
FORT WORTH-Alcon Labs will move in by month's end at a neighboring property to its South Fort Worth hub. The new deal takes a six-month-old warehouse to the halfway mark for building owner, Madison Warehouse.
FOLSOM, CA-Meadowview Limited Partners of Marin County bought the Riley Professional Center in central Folsom for $6.95 million. The seller, Capital Builders, built the property in 2000.
CHICAGO-Fast-growing international law firm Altheimer & Gray renews its lease for more than 7% of the space at 10 and 30 S. Wacker Dr., the Chicago Mercantile Exchange Building owned by a joint venture involving Equity Office Properties Trust.
SAN FRANCISCO-Owners of the Western Merchandise Mart office building won big this week, as the city's board of appeals overturned a planning department decision that the property was previously a design showroom and therefore owes millions in retroactive office-conversion fees.
CHICAGO-Three office properties undergo more than $14.4 million in rehabilitation aimed at preserving historical or architecturally significant buildings under the Class L property tax incentive. Work continues on at least two buildings.
DENVER-Sedgwick Properties Development Co., which has developed urban infill projects in the trendy Lincoln Park and Wrigleyville neighborhoods on Chicago's North Side, plans a 143-unit Tower on the Park condominium project.