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HOUSTON-The joint venture intends to build a football field-size, leading-edge cargo facility on 8.4 acres at the Bush Intercontinental Airport. The duo hopes to be first out of the ground of the four buildings planned by multiple developers.
BEAVERTON, OR-Axium Software moves from an older, two-story location in Griffith Park to a newer, single-story building Nimbus Corporate Center with not much increase in rent. The firm is backfilling space vacated by Handyman Online.
MONTGOMERY COUNTY, MD-Due to a growing lack of affordable housing, county officials expect to go over budget to the tune of $1 million to finance temporary homes--hotel rooms--for homeless families who cannot find room in shelters.
MORRISTOWN, NJ-The joint venture owners are offering the space in Southgate Corporate Center, which has room for another 425,000 sf to be built on the 49-acre site. Commercial Realty Group owns the property in a joint venture with Lawrence Zirinsky Associates.
OWINGS MILLS, MD-The fourth of what will be six buildings in the Red Brook Corporate Center pre-leases its first tenant as Euler American Credit Indemnity Co. signs on for 60,000 sf of space. Construction will soon begin on 150,000-sf, five-story structure of Class A office space.
IRWINDALE, CA-The property has been sold by the Nevada National Exchange. The buyer is Balbir Bhatti. The strip center is anchored by Jack in the Box, Subway, Mariscos Restaurant and the Ayulta Market.
LADYSMITH, WI-The newest unit of the Chanhassen, MN-based hotel chain is owned by Johnson Management. The property at 700 W. 9th St. South fits the "upscale limited serving lodging property" category, according to AmericInn.
IRVINE, CA-After nearly two months of waiting for the closure of a $13.4-million loan from a Michigan-based private lender, MPTV has secured new construction financing from PacEquities.com.
SAN ANTONIO-An investor buys the 31,605-sf Cibolo Building to provide needed training and work space for a defense contractor. The site will be used to modify Swedish-made, rough-terrain, material-handling vehicles.