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ATLANTA-Gary Saykaly tells GlobeSt.com he and four colleagues are leaving Friday to form NewBridge Retail Advisors in suburban Alpharetta, GA. The new firm will open for business April 1.
TACOMA, WA-Developers Bob Hollister and Gary Bodenstab purchased the 95-year old building in 1997 with plans to develop high-tech office space. A few turns of fate later, the Perkins Building emerges with a mix of commercial and residential space.
HOUSTON-Ten-year owner J.P. Morgan Fleming decides to part with the 21-story 3D/International Tower in the Uptown/Galleria submarket. Transwestern Investment makes the buy and retains its affiliate as property and leasing manager.
EAST RUTHERFORD, NJ-Preliminary 1Q market numbers from C&W show sublet space watering down the office sector, while industrial remains tight and active.
AUSTIN-St. David's HealthCare Partnership fires up a second project round, taking the overall expansion to $200 million for its 10-county Central Texas service area. The three-year work schedule boosts ER space 40%, in-patient, 20% and outpatient, 50% to 60%.
ORLANDO-Bob Pool, a former Clermont city councilman, told Arlington, VA-based Alcalde & Fay to start lobbying efforts in Washington for a $5 million study of a proposed four-lane, 35-mile toll road from Sumter to Orange Counties that some area planners estimate would cost $800 million. County commissioners killed Pool's request Tuesday in a quick 4-1 vote.
CHICAGO-Anthony Loukas pays $2.2 million for 3922 N. Sheridan Rd. He is said to be planning a mixed-use development for the 15,170-sf site, which now has an 8,000-sf Supermercado Cardenas grocery store three blocks from Wrigley Field.
NEW YORK CITY-As it prepares to consolidate its Long Island operations, BAE Systems is embarking on a major upgrade to its Greenlawn facilities. The $19-million project will result in the relocation of BAE's Syosset operations to the expanded Greenlawn campus.
SAN DIEGO-Longs Drug Stores and KinderCare Learning Centers have snatched up two spaces in the Winchester Meadows Shopping Center. Combined, the deals are valued at $1.87 million.
SAN JOSE-Two retail properties in the Bay Area were purchased by individual investors, showing that in comparison to other commercial sectors the retail market is holding up very well.