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ORLANDO-The tilt-wall project in western Brooksville, FL, 80 miles northwest of Downtown Orlando, will have 41,500 sf of air-conditioned warehouse space for production, inventory control, shipping and receiving. Office space will account for the remaining 18,500 sf.
NORWALK, CT-The renovations aimed at attracting high tech companies to the Norden Systems complex here are nearly complete and the ownership is now marketing the available space for research and development, data center or disaster recovery uses.
LOS ANGELES-The San Francisco-based REIT acquires the 850,000-sf Ford Distribution Center, a few miles east of Downtown. The 48.7-acre project is 95% leased, better than the countywide average of 93.5%.
PHOENIX-One deal's done, but more are coming, says the broker for the 176,000-sf Deer Valley Office Plaza, empty since its delivery nearly seven months ago. In April 2002, a 35,642-sf tenant takes the keys in a seven-year, near $5-million deal.
LOS ANGELES-Privately held Brentwood Holdings Partners acquires the 54-unit Hollywood Vista Apartments, as multifamily investment continues to be a bright spot in an otherwise lackluster market.
HOUSTON-The hustle and the bustle of Houston's northwest submarket may have crested. Still, a year-end call bets two million sf will be absorbed, up 28% from last year's grand tally. The question now is whether it's time to build more industrial space.
NORTHERN VA-Commercial Real Estate market researcher REIS, Inc. says that the tech-laden area of Northern Virginia is being hit hard by rising vacancy rates. The company expects the region's vacancy rate to increase from 7.4% in 2000, to 10.4% by year's end.
BOISE, ID-The engineering and construction firm has received a $60-million contract from the U.S. Army Corps of Engineers to provide engineering, renovation, construction, operations and maintenance services at Egyptian Air Force bases.
MESA, AZ-Cal-Am beefs up its Valley holdings with a 200-lot manufactured housing community, ticketed just for those snowbirds 55 years old and over. The $8-million, 97%-occupied buy has been talked about for 1 1/2 years.
PORTLAND-St. Aidan's Place, a 48-unit Alzheimers care facility in Portland owned by San Diego-based Senior Resource Group LLC, is one of just 12 such facilities around the world to receive the maximum three-year accreditation by The Joint Commission on Accreditation of Healthcare Organizations.