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SAN DIEGO-In one of the transactions, Southrail Equities purchased the Southrail Business Park from the California State Teachers Retirement System for $12.4 million.
MESA, AZ-A California private investor acquires a fully occupied 15,571-sf retail holding at 12 W. Main St., cutting a new lease with the tenant, Strauch's Stationers. The building's positioning in a redevelopment project area sparks a lot of interest.
DALLAS-Greg Trout gets promoted to president of the office/industrial division while Mark Skinner exits Bradford Cos. to be vice president and manager of a new Great Southwest Division. The Arlington office could be open by week's end.
COSTA MESA, CA-In one transaction, 15 acres zoned for residential in Carson sold for $13 million. In the other, a half-acre in Santa Monica's Ocean Park neighborhood sold for $3.7 million.
SCOTTSDALE, AZ-Continental Properties closes yet another land buy, where the plan is to build an 88,408-sf Kohl's. The Scottsdale location is at 87th Street and Northsight Boulevard. This would mark the 10th deal for the incoming retailer.
PORTLAND-The former president of Spieker Properties' Pacific Northwest region will be the third non-family board member the real estate investment and development company had added in the past nine months.
MESQUITE, TX-In 30 days, Canyon Partners and JDN Realty will have pre-leased and sold all pad sites for the 266,000-sf Marketplace at Town Centre, the first power center project in nearly 15 years in the Dallas suburb of Mesquite.
SEATTLE, WA-The mixed-use project is set to contain around 70,000 sf of retail space and up to 150 condominium units. If work with the city and community groups continues smoothly, Armada Companies expects to apply for a master use permit this summer.
HOUSTON-Westway Business Center and Westport Business Center, totaling 153,500 sf, provide the wherewithal for an Invesco Realty entity to refinance the balance of an acquisition loan taken out three years ago.
CHICAGO-Developers Resources, Inc. built 525 W. Van Buren St. and 550 W. Van Buren St. without pre-leasing and may do the same on a 1.3-acre site at the southeast corner of Franklin and Van Buren streets.