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GALVESTON, TX-A Connecticut multifamily owner sells a 60-unit historic multifamily property and diverts his 1031 proceeds into a holding closer to home. Private Portland, OR investors buy the complex, which carried a $1.5-million asking price.
SAN ANTONIO-Menlo Logistics tickets San Antonio for a call center operation to service new customer Takata of Auburn Hills, MI. The news comes just as the city hears of Weblink Wireless' plan to close its 151-employee call center.
PORTLAND, OR-Although Oregon and Washington account for some of the highest jobless rates in the nation, one analyst believes the region will be stronger and more prosperous next year.
HASBROUCK HEIGHTS, NJ-The deals include warehouse/distribution facilities for three retailers, and a new home improvement store, all in Northern New Jersey.
SAN JOSEThis city's newest multi-use community is nearly complete and will offer tenants an all-in-one resource for daily chores and living, as well as proximity to major employers such as Cisco and Adobe.
CHICAGO-A slowing economy coupled with the Sept. 11 terrorist attacks will result in lower than expected earnings for Equity Office Properties Trust, joining Equity Residential Properties and AMLI Residential in issuing warnings.
PEMBROKE PINES, FL-The development group that constructed the 30-acre Boulevard Square Mall, in this Broward County community 21 miles north of Miami, is amending its plat to allow 1.1 acres of excess land for use as a 100,000-sf mini-storage warehouse.
NEW YORK CITY-Reports that Morgan Stanley plans to sell its new Midtown building before the paint dries were confirmed yesterday. Lehman Brothers will buy the 32-story building, which cost roughly $400 million to build.
FT. WORTH-Jackson Shaw Co. of Dallas is confident it's found a niche in a region bulging with office space. A 29,000-sf spec office-flex building will ride the coattails of a build-to-suit for Snap-on Inc. The CentrePort duet will cost upward of $7 million.