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HOUSTON-Greg Shaw, a lead producer for the past five years, will be steering leasing for a 4.5-million sf portfolio in Houston. The veteran broker holds a three-year record for occupancies above 90% at his assigned properties.
PHOENIX-A Pontiac dealership targets 12,600 sf at Mesa's Superstitions Springs Commerce Center II while an electrical parts distributor lines up 8,025 sf at Pinnacle Peak Commerceplex in Phoenix.
LAFAYETTE, CA-Bedford Properties reports a 7% increase in its dividend to $0.48 per share while Mission West reports a 100% increase to $0.24 per share. The dividends will be paid in April to shareholders of record by March 29.
MESCALERO, NM-The New Mexico tribe taps Dallas' Centex Construction to steer an $85-million makeover of its Inn of the Mountain Gods and casino. The balance of the development price tag is a $6-million elder care and kidney dialysis center.
ELWOOD, IL-The deal with the container repair and storage company means 47% of CenterPoint Properties Trust's 2,032-acre Intermodal Center is either sold or leased, the largest being anchor Burlington Northern & Santa Fe Railway Co.'s lease on 621 acres.
ATLANTA-The Georgia 400, Buckhead and Midtown submarkets are struggling to fill abandoned quarters as the overall vacancy level soars to 19.1%, a first-quarter Cushman & Wakefield of Georgia Inc. study shows.
MINNEAPOLIS-Artwork by Maya Lin, best known for her design of the Vietnam Veterans Memorial in Washington D.C., graces the 1.3-million client services center where about 3,600 employees are in moving in.
SOUTH ORANGE COUNTY, CA-According to a recent report on the South Orange County industrial market, the level of negative net absorption has more than doubled in the past month, following a significant decline in January.
MAYS LANDING, NJ-DSCI, which has grown rapidly because of the heightened need for airport security, has acquired its own building with a $990,000 loan.