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FARMER'S BRANCH, TX-A gem dealer buys a 25-year-old building and will convert 90% of the flex space into a jewelry office-showroom in an industrial section of this Dallas suburb. Work ramps up in 30 days, the exit date for the seller.
IRVING, TX-Genpass Technologies inks a long-term lease on a 15,000-sf building. Executive offices, customer support team and technology and operations center will move there to the new location by the middle of 2002.
ANAHEIM, CA-Roger DeYoung Construction Co. snaps up the two freestanding buildings. Encompassing 7,000 sf each, they are occupied by El Torito and Charlie Brown's.
PHOENIX-Rob and Ellen Richard of Mesa, AZ sell the Graystone Apartments at 3635 N. 37th St. for $630,000 to Rob Porter and Earl Ricker, both of Phoenix. The deal is brokered by the Marcus & Millichap office in Phoenix.
SAN MARCOS, TX-Optical fiber equipment from Marconi PLC brings broadband to users in the Austin-San Antonio corridor as Grande Communications Inc. builds out telecom network for business and residences.
ROXBURY, NJ-The virgin property, which is part of a diverse offering handled by auctioneer Sheldon Good & Co., commands a minimum bid of $1.25 million and was originally priced at $5.5 million.
ALBUQUERQUE, NM-Corporate belt-tightening has created sublease space across the market that's less than half of the size of Denver's Central Business District, a report from Grubb & Ellis observes.
LOS ANGELES-Jeffrey Tamkin, president of Los Angeles-based Tamkin Development, tells GlobeSt.com that most colleges now see student housing more as a marketing tool for attracting new students to their campuses than as a sheer revenue generator.
LONDON-The RICS has slammed a proposal by the Greater London Authority that half the capital's housing should be 'affordable'. It says that London's poor are the responsibility of the GLA, not developers.
COLUMBUS, IN-Fair Oaks Mall, a 10-year-old retail center that serves 120,000 residents, is for sale at $19.75 million. Brokers from Marcus and Millichap offices in Detroit and Indianapolis are handling the marketing effort.