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ORLANDO-BJ's Wholesale Club Inc. of Natick, MA plans to open three outlets by the first quarter in south Orlando, east Orange County and Sanford, FL as big-box developers watch stand-alone retailers, such as Walgreens, Eckerds and 7-11 convenience stores, pull customers away from regional malls and neighborhood shopping centers.
LOS ANGELES-A logistics firm leases 103,185 sf of industrial space for $6 million in Carson, while a family trust pays $1.5 million for a 28,800-sf building in neighboring Rancho Dominguez.
HOUSTON-While the numbers for the Houston industrial market's third-quarter performance are less than stellar, CB Richard Ellis calls it credible with vacancies down only slightly, steady lease rates and wind-down to building frenzy.
AUSTIN-Koger Equity Inc.disposes of non-core assets in Texas, North Carolina, South Carolina and Florida, and will use cash to make strategic investments. The deal includes 39 properties here and San Antonio.
SAN JOSE-Silicon Valley's second largest deal this year was not negotiated with a technology firm. Santa Clara County signed a $200 million lease with Sobrato Development Cos. that represents this year's market shift from technology to more traditional industries.
CLERMONT, FL-Lake County commissioners decide not to appeal Gov. Jeb Bush's Oct. 31 decision which gives Orlando landowners Willoughby T. Cox and Karick Price another five years to develop the planned $1.2 billion mixed-use rural undertaking, 30 miles west of Downtown Orlando.
CHICAGO-CCIM/Landauer Investment Trends Quarterly points to figures suggesting the commercial real estate is bucking the otherwise downward trends in the economy, partly because of a better capital market.
SAN ANTONIO-Slower growth and jobs cuts could bring vacancies and slow rent increases, according to a third-quarter report by Hendricks & Partners. For now, though, per unit prices have been increasing.
FLORENCE, NJ-A Burlington County-commissioned study suggests the historic Roebling mill site, unused since the mid-1970s, could become either a golf course or a mixed-use business park.
LOS ANGELES-In Downtown's largest lease of the year, Paul, Hastings, Janofsky & Walker LLP takes 208,847 sf at the once-troubled Arco Plaza. Part of the project will be renamed Paul Hastings Tower.