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ANAHEIM, CA-The ink's barely dry on a $1-million acquisition and the new buyer starts relocating from its longtime home in the City of Orange. Donco Associates & Sons is headed to a 12,233-sf industrial facility in Anaheim.
DETROIT-The city receives cost estimates for demolishing the 89-year-old baseball field and will make a recommendation on razing the stadium by December. Various mixed-use redevelopment plans have been proposed.
BELLEVUE, WA-Cushman & Wakefield says the vacancy rate in the CBD here has nearly doubled since the end of the second quarter, with rent rates are dropping in response. But a C&W broker says the market may have hit a plateau.
LOS ANGELES-The new mayor wants to stop key components of airport's planned expansion, saying resources instead should be spent on improving security. Off-site parking would be expanded, but a sorely needed new terminal and gates would be scuttled.
MINNEAPOLIS-Carl Pohlad will retain some banks, as well as his interests in the NorthMarq Capital commercial real estate finance business and United Properties property management firm after his deal with Wells Fargo & Co.
STONEHAM, MA-Archon Group sells a five-story building here on One Montvale Ave. to HUB Acquisition Trust for $9.2 million. The 97,777-sf building is 90% leased and is located on Routes 93 and 95 about 10 miles north of Boston.
EULESS, TX-As the economy shifts so do the building assignments in a bid to breathe fresh life into holdings. In Euless, the building owner relinquishes a 70,000-sf holding. In Arlington, a state agency's relocation sparks a leasing change.
DENVER-Factoring in sublease space, overall market vacancy inches up from 15.46% in the second quarter to 15.86%, according to the Denver office of Jones Lang LaSalle, with rents falling from $19.18 per sf to $18.55 per sf.
MILBANK, SD-Studies show the region needs another 600-megawatt coal-fired power plant in addition to the existing Big Stone Plant to meet energy consumption needs that are rising by more than 15% a year.