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SAN DIEGO-In the second major deal in the Otay Mesa area of the new year, the 107,705-sf Panasonic design and manufacturing facility has been sold for $13.45 million.
DALLAS-The high-profile relocation of Kinko's from Ventura, CA becomes reality in a celebrated signing this week with its new building owner, TrizecHahn. The move starts this quarter into five floors of the 26-story Three Galleria Tower in North Dallas.
SAN ANTONIO-Retail fundamentals are in place for a hardy year, with sales above the national average. The market absorbed 408,400 sf by the Q4 close to drive down vacancy just a bit. Retailers, like their customers, are finding good deals from building owners.
HOUSTON-Insignia/ESG hires a director of construction services from the ranks of Senterra Corp. Jeff Stringer is on board to steer capital and TI projects for 4.5 million sf of Insignia-managed space in Houston.
LONDON-New research from Insignia Richard Ellis paints a bleak picture for the central London office markets, with take up falling by 19% and availability rising by 25%. The slump is set to continue.
SAN FRANCISCO-At an awards ceremony in San Francisco, several Bay Area brokers were honored for excellent business performance in selling and leasing commercial properties. The Top Industrial Sale award was given to two Colliers brokers for a $108-million deal.
ORLANDO-The New York-based developer and Metropolitan Life Insurance Co. are increasing total indoor meeting space to 329,000 sf from 250,000 sf in an obvious race with nearby Nashville, TN-owned Gaylord Palms.
TORRANCE, CA-North Torrance Shopping Center, a 90,000-ft retail development here, has been acquired with $6.9 million in financing arranged by Holliday Fenoglio Fowler, the nation's leading commercial mortgage banking and investment sales firm.
CHICAGO-No longer are manufacturing firms given the bum's rush when they put expansion plans on a city hall table. However, market realities that have put land and buildings out of the reach of business owners are today's challenge.
LONDON-New research from Insignia Richard Ellis paints a bleak picture for the central London office markets, with take-up falling by 19% and availability rising by 25%. And the slump is set to continue.