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HOUSTON-Koll Bren Schreiber holds onto a 3,812-sf tenant, who has added another 2,345 sf to its long-term pact at Bridgewood I. Patterson-UTI Drilling Co. is North America's second-largest operator of oil and gas drilling rigs.
ISSAQUAH, WA-Other real estate sectors may be struggling with pre-leasing and vacancy rates, but Eric Rovner says retirement centers are faring better. Scheduled to open next fall, University House at Issaquah already has deposits on nearly three-quarters of its units.
EVERETT, WA-Panattoni Development Co. contracts to purchase 37 acres at Seaway Center. The company plans to build five to six buildings totaling 600,000 sf of industrial space. The sale price was not disclosed.
GUTTENBERG, NJ-PW Funding arranged the package for the Summit House Cooperative, a 183-unit high-rise with views of the Hudson River and Manhattan skyline.
SAN FRANCISCO-The planned fall opening of a 252-room boutique hotel has been pushed back by the fire at Fisherman's Wharf this week. The five-alarm blaze destroyed a portion of the historical site that the hotel was being built on.
PORTLAND, OR-The Portland outpost of Zions Small Business Finance, a Division of California Bank & Trust, has gained the Small Business Administration's "Preferred Lender" status, which means faster loan approvals on real estate purchases, among other things.
ORLANDO-American Maglev Technology Florida Inc. of Edgewater, FL and Lockheed Martin of Bethesda, MD, one of the nation's largest defense contractors, outlined a proposal Wednesday to the Florida Department of Transportation for the first Orlando Airport-to-Walt Disney World phase of a 200-mile high-speed statewide rail system.
ALTAMONTE SPRINGS, FL-The little-known Georgia developer is expected to pay New York-based Morgan Stanley at least $200,000 per acre ($4.60 per sf) or about $2.8 million for the former 14-acre Home Depot-anchored shopping center site off State Road 436 (Semoran Boulevard) and west of the 1.3 million-sf regional Altamonte Mall, area brokers familiar with the deal tell GlobeSt.com on condition of anonymity.
WHITE PLAINS-Officials with Simone Development Companies of New Rochelle say that they are close to signing a 50,000-sf lease at its Hutchinson Metro Center project in the Bronx and have just filed plans to build a new 48,000-sf office building in Westchester County.
LAS VEGAS-Higher-than-norm vacancy and rent concessions aren't scaring off investors in Vegas' multifamily market. The 296-unit Lake Sahara brings close to its asking price while another property is under contract for more than the seller sought.