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CHICAGO-The seven unidentified properties, involving 1.4 million sf, are the first acquisitions by the institutional fund involving First Industrial Realty Trust, Inc. and the Kuwait Finance House.
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.
BETHESDA, MD-Sax Realty is on the lookout for freestanding buildings of about 8,000 sf on behalf of Nashville, TN-based Logan's Roadhouse restaurant chain. The 1940s-style roadhouse eatery is planning to open an unspecified number of locations in the Baltimore, MD and Washington, DC areas.
LONDON-Two companies have signed up for Charles Schwab Europe's space at 401 Grafton Gate East in Milton Keynes, Buckinghamshire, the 'new city' located midway beteen London and Birmingham.
HOUSTON-Endeavor Exploration readies for a move into 5,658 sf of office space in the city's fourth-largest suburban office market. The firm has sealed a deal for 363 North Belt, a 33,468-sf, 20-year-old building.
BELLEVUE, WA- MulvannyG2 Architecture, the largest architecture firm on the Eastside, is moving its Seattle office staff to its new headquarters at the One Twelfth @ Twelfth office campus Downtown.
PHOENIX-Crown West of Spokane, WA has six Phoenix-area properties on the radar screen. One will close in June amid plans for a spec office project on a neighboring 14 acres to its first purchase, the Elliot Corporate Center in Tempe.
ATLANTA-The Midtown 160-room hotel was converted from a vacant office building by Atlanta developer Songy Partners Ltd. Maryland-based Crestline Hotels & Resorts will manage the property.
MINNEAPOLIS-The "Above the Falls" plan aims to add 2,500 housing units and clean up the riverfront. The area offers the greatest development potential in the city.