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BERLIN-Wal-Mart's UK-based property company Gazeley Properties has bought a 123-acre site near Berlin as the first step towards rolling out its Magna Park distribution park format across Europe.
SAN FRANCISCO-Sarah Bridge is being promoted to vice president and will now oversee acquisitions and dispositions for the multi-family development and investment firm with a 4,000-unit portfolio.
CHICAGO-Developers stick with plans for the $123-million mixed-use project on the site of the former police department headquarters and are rewarded with deposits on 26% of condo units before the sales office opens.
HOUSTON-Parkway Properties has picked up its 11th office building in Houston. The fully leased, 72,050-sf structure is positioned in the Greenspoint submarket. A Panattoni Development affiliate is the seller.
SAN ANTONIO-Spec, a 30-store building materials supplier, takes possession of a 44,000-sf warehouse in the northwest submarket. The former beer distribution center became surplus property as a result of a merger.
LOS ANGELES-The financial-services giant will keep its 65,000 sf of office space in Downtown's MCI Center. The five-year deal is the latest in a string of transactions that has pushed CBD vacancy rates to a 10-year low.
PORTLAND-Centennial Bank has signed on for 1,800 sf branch location; Dress Barn recently occupied nearly 10,000 sf and Shoe Mill has taken another 2,500 sf. in the 300,000-sf retail and office development designed to emulate an urban village.
LONDON-Management consultancy Accenture has ended its long search for a new London headquarters with the pre-letting of 375,000 sf at British Land's Plantation Place in the City.
DALLAS-Insignia/ESG is grooming itself for change. First comes the hire of Randy Cooper, who was lured from Equis' top Dallas spot to be a senior managing director. Word on the street is that an acquisition may be next.
AUSTIN-Jon Andrus, a 10-year veteran of the retail sector, has joined Trammell Crow's Austin retail team as a senior vice president. That's one down and another to go in filling slots vacated by leading brokers Charlie Northington and Kelly Shaw.