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WESTMINSTER, CA-Komex H20 Science Inc. inks a $2-million lease for office space here. The firm will relocate in January from its current headquarter in Huntington Beach.
CHICAGO-Managing principals Steve Stratton and Rob Schmidt along with Mike Sessa earn Chicago Chapter of NAIOP's "Downtown Transaction of the Year" for the 480,000-sf, two-building lease restructuring.
IRVINE, CA-Sea Ridge Community Church purchases an R&D building in the Goddard Business Park, where its corporate offices will be housed. The new owner plans to move in immediately.
SEATTLE-L.J. Melody & Co., a national real estate investment-banking firm, has arranged financing in the amount of $12.38 million for a 123,000-sf industrial facility here. Construction of the property, which is leased by Federal Express, was recently completed in 2001.
DENVER-While 1.1 million sf of new space will hit the market next year, owner-users and investors will increasingly put buildings up for sale, says a Grubb & Ellis report. However, that may mean buying opportunities.
SECAUCUS, NJ-Developed by Hartz Mountain Industries, the new facility for Corporate Express completes the build-out of the 750-acre Harmon Cove mixed-use development.
CORPUS CHRISTI, TX-The steady job base provided by the military and oil and gas industries hasn't been enough to solve this south Texas city's multifamily market woes as this product type continues its downward cycle.
DENVER-Legg Mason's Glenn Mueller says the real estate cycle will benefit from population growth as a result of the Echo Boom. That means demand for housing as well as job growth, he says.
EAST RUTHERFORD, NJ-The proxy services company has signed on at a building owned by AMB Property Corp. Trammell Crow and Insignia/ESG worked out the details.