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GOLDEN, CO-Brokers Tom Wanberg and Chad Brue develop the 12,000-image "Magic Carpet Ride" as a Web-based marketing tool to sell an 85,000-sf beer distribution center in an area known as the Mousetrap.
AUSTIN-Transwestern Commercial Services' new assignment consists of six flex buildings in the north-central and southeast submarkets of Austin. The structures currently boast occupancies ranging from 70% to 90%.
NEW YORK CITY-Netherlands-based NIB Capital Private Bank N.V. subsidiary NIB Capital Private Equity has subleased a full floor at 600 Fifth Ave. Cresa Partners, which brokered for the tenant, also provided project management for a complete build out of the space.
HOUSTON-Occupancy slipped about two points, coming in at 87%, amid a flurry of store closings, says a Weitzman Group exec in a 2001 wrap-up. Despite the backslide, the retail sector is stable. The growth rate will surely slow in light of economy changes.
SAN DIEGO-San Diego-based Paragon Steakhouse Partners Inc., which has restaurants in 11 states, filed in U.S. Bankruptcy Court in Riverside. The chain plans to close unprofitable restaurants and restructure, although it did not name which stores it will close.
WYOMING, MI-A grocery supermarket and discount clothing retailer sign leases for 78,000 sf in new space being created in the redevelopment of the Rogers Plaza community center by Hartford, CT-based The Hutensky Group.
NEW YORK CITY-It's not enough to rebuild Downtown, Deputy Mayor Daniel Doctoroff said yesterday as Cushman & Wakefield made its 2002 economic forecast. It's an opportunity to build a true 24/7 environment. But market equilibrium is at least three years away.
ORANGE COUNTY, CA-CB's Anaheim-based Focus Retail Group will represent Simmons Mattress Gallery as the retailer scouts for new locations in Orange County. Simmons is looking for sites ranging from 3,500 sf to 4,500 sf.