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CARSON, CA-Watson Land Co., a developer of master planned industrial centers in Los Angeles County, signed the Los Angeles-based logistics company to a three-year lease valued at $1.5 million. The building is located at Watson Industrial Center South.
LONDON-There's a double whammy of housing taxes ahead, according to one expert on affordable housing. The government's Planning Green Paper proposes a new tariff system while retaining the existing section 106 agreements and affordable housing requirements.
SAN DIEGO-A real estate investment trust that specializes in open-air shopping centers says it intends to file with the Securities and Exchange Commission for the future sale of up to $500 million of stock and other securities.
DALLAS-The Morse Co. is accorded the William C. Jennings Award from the Texas Association of Realtors for a lease enabling Flextronics International to expand and consolidate in North Texas. WorkPlaceUSA wins again for its Mount Vernon project.
PHOENIX-McElvoy Metal, pulling out of the Phoenix market, delivers 12,415 sf of industrial space to a manufacturer looking to expand. The Louisiana-based metal firm has vacated the Coronado Commerceplex.
PORTLAND-Five months after negotiations were confirmed, Melvin Mark Properties President Scott Andrews tells GlobeSt.com nothing has been finalized and he is responding to offers from other national retailers for the prime Downtown location.
PERTH AMBOY, NJ-The latest transactions boost occupancy at Custom Distribution Services' 172,000-sf State Street Industrial Park to the 100% level. The park is located near the intersection of Route 440 and I-287.
AYER, MA-Veryfine Products, Inc. sells its 216,000-sf distribution center to an undisclosed buyer for $9.4 million and then leases it back. This style of transaction is becoming more and more popular in the current economy.
LONDON-Copthorn Homes and Land Securities have unveiled their part in one of the UK's most ambitious regeneration projects. It's 22 sq miles of development and, when complete, Kent Thameside will rival the M4 Corridor in scale, vision and innovation.
DENVER-Developer John Shaw of Opus Northwest offers "Stay Alive to 2005" as the catch phrase during the University of Colorado Real Estate Council's annual conference, where the outlook was decidedly gloomy.