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AGOURA HILLS, CA-Nearon Enterprises and its Southern California partner, Mark Ossola have purchased the 165,000 sf former Litton Information System Group campus. The deal is valued at roughly $24 million.
SEATTLE-The clatter of jackhammers breaking ground on new office projects around Puget Sound is a rarity in these economic slump. But developers--knowing what goes down must someday come up--are making more than 23 million sf of plans.
NEW YORK CITY-The $210-million luxury property--the first new building to open Downtown since Sept. 11--is a 298-room hotel with 39 suites, a bath butler and a bottled-water sommelier.
PHOENIX-An Oregon investor pays more than $1.3 million for a 29-year-old complex in Phoenix while a Scottsdale buyer puts up about $1.5 million for a 20,908-sf industrial building in Scottsdale Airpark.
DES PLAINES, IL-Dominick's is talking about building a 42,000-sf grocery store in this suburb's Downtown, but aldermen won't allow a service station there. A concept plan includes another 60,000 sf of retail space and 50 townhouses.
MINNEAPOLIS-The Southern Italian restaurant chain says its fourth quarter revenues were up 21%, while its fourth-quarter income was down 22%. Openings this month were in Honolulu, Denver and Detroit.
DENVER-Equity Office Properties Trust lines up the international engineering and construction firm before the previous tenant at Corporate Center II, mutual fund family Invesco, vacated the building at the end of 2001.
AUSTIN-San Clemente at Davenport has to wait on its 800,000-sf office component, but that's not the case with the retail plan. Land is being cleared as the leasing team gears up to sign a bank and dermatologist in February.
ORLANDO-Two once high-flying, high-speed Internet service providers for large office buildings are at end of their electronic Super Highway. In U.S. Bankruptcy Court, Cavu's core assets, developed for $74 million in 1999, were sold for $250,000 to Northwest Broadband of Yakima, WA.
SLEEPY HOLLOW, NY-In the midst of a land sale dispute surrounding the former General Motors assembly plant site here, the village of Sleepy Hollow and Roseland Property Co. have released preliminary plans for a mixed-use project there.