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LAS VEGAS-Larry Stockett, a Las Vegas businessman with a colorful past, wants to build a self-contained community with a built-in demand for basalt fiber products. A $20-million launch is gamed out while he eyes 15,000 government-owned acres to take the project full circle.
THE COLONY, TX-Cencor Realty Services has just started work on the last leg of retail for a 16-acre tract in a Dallas suburb that's 94.4% occupied. The product of choice could be the one that gathers momentum this year as other building types slow down.
PORTLAND-Pacific Paper Marketing USA signs a five-year industrial lease for space in Alderwood Corporate Center with plans to use 10,000 sf as office space. The space is being vacated by a freight company.
PHOENIX-A full gamut of commercial space is spoken for in Tempe, Phoenix, Scottsdale, Mesa and Prescott. One deal, valued at $725,000 over a five-year term, puts Tempe on the radar screen for a Redmond, WA-based software company's expansion.
CHICAGO-The Goldstein Family Partnership of north suburban Highland Park is leasing back about half the property back to Unilever Home & Personal Care U.S.A. on a short-term deal. It seeks another single user or multiple tenants for the manufacturing and warehouse space.
OCEANSIDE, CA-Developers of the 78,000-sf Del Oro Marketplace shopping center at the southwest corner of Oceanside Boulevard and College Avenue have broken ground. It is located in the master-planned community of Rancho Del Oro.
NEW YORK CITY-The six-story, rent-stabilized asset is located at 204 W. 108th St. Jim Mann of the John Anthony Group brokered for both buyer and seller in the $6.1 million deal.
DETROIT-A child-proofing study of five states shows almost 1,200 schools have been built on or near contaminated landfills or former industrial properties. That's little surprise to school officials and parents here.
SAN FRANCISCO-Marcus & Millichap reports that the Bay Area apartment market is stabilizing, saying that sliding rents should end this year. Jeffrey Mishkin of M&M says that the downtrend has come to an end.
FULLERTON, CA-The project will encompass 174,026 sf upon completion, which is slated for November 2002. Designed to accommodate a 10-year projected growth, the new facility will replace Hydraflow's current location in Cerritos.