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PHOENIX-First Industrial Realty Trust sells about 14.6 acres at the intersection of 47th Avenue and McDowell Road. The site will house a training facility for the Arizona carpenters apprenticeship program.
PASADENA, CA-First Community Bancorp has leased 4,356 sf in the Pasadena Hilton Office Tower and the law firm of William D. Johnson has leased 3,905 sf at the same site.
TAVARES, FL-The six-story, $129 million, 450,000-sf Florida Hospital Waterman, going up in a city of 9,000 permanent residents 30 miles northwest of Downtown Orlando, is doubling land prices and forcing entrepreneurs to look hard for new developable land.
LAKE ZURICH, IL-A plan to redevelop this far northwest suburb's Downtown draws skepticism from property owners, who question whether using tax increment financing is appropriate or beneficial given developer interest.
GARDEN GROVE, CA-Buchanan Street Partners has arranged the permanent financing, which yields the borrowing entity a 7.5%, 10-year fixed rate. The news comes on the heels of a record year for Buchanan Street, as the Newport Beach-based real estate investment bank recently announced an increase of 98% in its 2001 performance.
MIAMI-The Pittsburgh, PA-based global organization is taking the space in the multi-building, 1.1 million-sf Downtown complex for 15 years at an estimated aggregate rent of $30 million. The lease is the largest Downtown office deal in the past 14 months, area brokers tell GlobeSt.com.
AUSTIN-Lennar Partners signs a new leasing agent and plans renovations to 8500 Shoal Creek Blvd., once Radian Corp.'s headquarters. The building, empty since last summer, will be used by PM Realty to leverage its Austin presence.
WASHINGTON, DC-The National Association of Realtors is trying to garner more support for the Community Choice in Real Estate Act by placing ads in the hometown newspapers of various congressional members. The legislation would prevent banking conglomerates from selling and managing real estate.
NEW HAVEN, CT-While Fairfield County and its environs have seen their office vacancies rise dramatically after Sept. 11, the New Haven County office market has shown resiliency and has so far held its own during the current economic downturn.
WILMETTE, IL-A referendum asks voters whether this North Shore suburb's park district be allowed to spend up to $25 million to buy the 17-acre Mallinckrodt campus from Loyola University, which has solicited at least one development proposal.