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KENT, WA-With Boeing streamlining with significant nips and tucks at its real estate fabric, its easy to focus on the community's losses. Jack Rader, however, says if we look closely, these events may bode well for the future.
ST. CLOUD, MN-A sale to Wayzata, MN-based corporate turnaround firm Business Development Group may clear up the fate of its 1.1-million sf distribution center here, as well as office space in Plymouth, MN, and a smaller office in Eveleth, MN.
PONTIAC, MI-Oakland County Executive L. Brooks Patterson outlines new developments and expansion plans for county, saying he believes more business aids the economy of an area that has a tax base larger than 10 states.
CHICAGO-The mutual fund company located in the same building as the real estate services firm nearly triples its stake, to 17.7%, worth $95.5 million as of Friday. It replaces a Japanese insurer as the company's largest shareholder.
DENVER-The high-tech software arm of Houston-based Halliburton chooses 58,704 sf in Highlands Ranch, along the southwest corridor, after looking at nearly 70 locations in the northwest corridor, Downtown and the Tech Center submarkets.
SEATTLE, WA-Seattle Biomedical Research Institute has signed a letter of intent to anchor the 112,000-sf medical office project. Construction is expected to begin this summer and end the following summer.
HOUSTON-A 10,000-sf industrial building is sold as a result of a January merger of Houston's Mitchell Energy & Development and Oklahoma City's Devon Energy. The 10-year lease to an oil field supplier made it a good investment purchase, says the broker.
AUSTIN-Dana Friis-Hansen steps into the lead role for the Austin Museum of Art after serving for some time as interim executive director. With the job comes the task of pushing a 145,000-sf project that has hit roadblocks with the down economy.
GRAND PRAIRIE, TX-An affiliate of Americo Real Estate of Dallas has borrowed $6.1 million to buy one of two Post Properties' holdings sold this month in the metroplex. NorthMarq Capital's Dallas office arranges a three-year floating rate mortgage.
MESA, AZ-A Las Vegas developer is ready to recoup his investment from a premier 676-unit complex in East Mesa. The plan is to divert proceeds into his Las Vegas holdings, according to the broker doing the marketing.