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SEATTLE, WA- Rodney S. Kauffman, executive VP of Building Owners and Managers Association in Seattle, says that aside from emergency preparedness the three hottest topics among Puget Sound building owners and managers are transportation, regulatory issues and utility rates.
PHOENIX-A Los Angeles investor grabs his second Walgreens site in metro Phoenix. The 14,280-sf retail site at 5626 E. Thomas Rd. in Phoenix brings $2.3 million for its Florida seller, Robert Schmidt.
NEW YORK CITY-Lehman Brothers 5th Annual Future of REITS conference was a relatively sober affair, with participants lamenting the absence of any hard evidence of an economic recovery.
LONG BEACH, CA-About 47,400 sf of the 129,000-sf Wrigley Marketplace shopping center was acquired by Larkey Trust for $7.5 million. The deal includes everything except the anchor stores of Albertson's and Sav-on.
AUSTIN-Seasoned professional Steve Laas is named the senior manager and commercial practice leader in Austin for Deloitte & Touche Property Tax Services. His background spans stints at such big league players as CB Richard Ellis.
HILLSBORO, OR-The firm announced in November it would shutter its 20-acre plant at the end of January and consolidate operations in Japan. One 54,000-sf building has been built on the property and there's room for a second one.
SANTA ANA, CA-The provider of production and workflow software systems to the title and real estate industries reports revenues of $118 million for 2001. The figure reflects a 63% increase from the prior year period, when revenues stood at $72.1 million.
WASHINGTON, DC-The historic facade and land that serve as the sole reminder of the century-old Atlantic Building have been sold to District developer Douglas Jemal of Douglas Development Corp. The sale price was rumored at $10.5 million.
PORTLAND-Located two blocks from the expanding convention center, the 47,659-sf building erected in 1911 has a 14,000-sf footprint on a full-block lot, which means there's room for additional development. The list price is $5.5 million. The building is 100% leased.
MIAMI-Vector Holdings Corp., a specialty food wholesaler to the hospitality industry, is negotiating for a new 10-year fast-food concessions lease at the 250-shop, 2.3 million-sf Aventura Mall in north Dade County, a transaction that could mean $1 million in new sales for the publicly traded company.