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HOUSTON-Insignia/ESG's loss is PM Realty's gain as it takes over leasing and management pacts at 10370 Richmond Ave. and 13401 North Freeway. A 56% occupancy at one structure means the search is on for tenants.
CHICAGO-LaSalle Bank chief economist Carl Tannenbaum predicts interest rates could rise by as much as 150 basis points by year's end, while the current recovery could be thwarted by fallout from the Enron-Andersen debacle.
SANTEE, CA-Construction has recently been finished on a new $3 million Vons grocery store in the Santee Village Square shopping center. The appetite for retail property has been stronger of late in San Diego County, which many analysts contend is under-retailed compared to other cities of its size.
FELLS, POINT, MD-A second tenant, Brown Investment Advisory & Trust Co., signs on for 22,000 sf of space at the unfinished $20 million, 210,000-sf Bond Street Wharf building, bringing the leasing status of the structure to more than 33%.
NILES, IL-Arrow Financial Services finds three times as much space in CenterPoint Properties Trust's building at 5990 W. Touhy Ave., in second-floor space vacated by W.W. Grainger. The company's move from nearby Lincolnwood is set for June.
PETALUMA, CA-Romeo's Pizza & Pasta has taken the last space left at the Petaluma Parkway Plaza, which is owned by Basin Street Properties, a developer of commercial and mixed-use properties in Sonoma, Marin and Napa counties.
VANCOUVER, WA-The health care company, looking to break into the Southwest Washington market, wants to spend $170 million on a 220-bed hospital and two 90,000-sf medical offices on 23 acres adjacent Interstate 5 near the corner of Northeast 139th Street and 20th Avenue.
BLOOMINGTON, MN-There is 28,374 sf available in the 276,425-sf class-A building on Interstate 494 and France Avenue. The leasing team includes vice presidents Jim Damiani and Bryan Beltrand along with leasing assistant Kai Thomsen.
AUSTIN-The first recruiting trip in nearly a decade has some six California companies considering Austin as an expansion location. The decisions won't be made overnight, but the Greater Austin's VP believes the announcements will come.
BELLEVUE, WA-The City Council will review the selection process for choosing a contractor for the Meydenbauer Center expansion. Tonight's action also could influence Schnitzer Northwest's recently submitted plans to build a hotel next to the center.