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HOUSTON-Three industrial sales close as tenants move to harvest rewards from owning instead of leasing. The largest sale is a 15,530-sf warehouse in Stafford while the most unusual in the trio is a DeLorean Motor Co. restoration site.
HARTSDALE-Veteran broker Paul R. Guthrie has been named senior director of the retail brokerage company Aries Deitch & Endelson, the firm reported.
SAN FRANCISCO-The commercial properties belong to three San Francisco-based garment contractors that are accused of not paying their employees. The owners have since filed for bankruptcy.
ELIZABETH, NJ-The airline bought the tract back in 1999, intending to develop it for mixed airport-related uses, but cutbacks and reorganization turned it into surplus property.
NEW YORK CITY-In a long-planned move that will lodge Nasdaq's headquarters cheek-by-jowl with its neon-slathered MarketSite Tower in Midtown, the firm will move from two floors of Downtown office space to the Times Square Studios building.
VANCOUVER, WA-The state is expected to decide this week if Legacy Health Systems has qualified for a certificate of need that would give it momentum in its effort to continue seeking development approvals for a $170-million hospital and medical office project despite a building moratorium.
COLUMBIA, MD-Domain Home Fashions of Norwood, MA opens a new 4,400-sf store in The Mall in Columbia. The opening is part of the company's expansion plan that would create 40 new stores across the country by 2004.
HOUSTON-It's the same old story, with rent making nominal gains amid a growing space availability. In Houston, more than two million sf added in 2001 has rent practically nil and experts saying the market is definitely in a state of hyper supply.
SPOKANE, WA-Sticking to its guns on a previously announced financial strategy, WestCoast Hospitality has entered into an agreement to sell its 80% interest in the WHC Building, an office propertry in the central business district.
DENVER-State Ed Perlmutter tells a Smart Growth forum hosted by Denver-based Direct Quest there are 47 different lobbying groups on growth and land issues making their pitches to legislators.