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LONDON-Industrial property specialist Ashtenne Holdings and AXA Real Estate Investment Managers have achieved a successful first closing of t3, the limited partnership specialising in trade park investments.
BEVERLY, MA-A year after it scraps plans to develop a six-story office tower here in the Cummings Center, Cummings Properties Inc. decides to try again but this time in the Elliot Street complex of the Cummings Center.
ORANGE, CA-The U.S. General Services Administration renews its lease in Centrum North, which is owned by CRC Real Estate Corp. The GSA occupies just under 18,000 sf in the building, which is located at 1120 W. La Veta.
NEW YORK CITY-Lingerie leader signs 15-year lease at 34th Street site recently vacated by HMV records. The scanties-seller plans to open a new flagship store.
SAN MATEO, CA-A dilapidated forensics lab is being replaced with a state-of-the-art, the $17-million facility that San Mateo officials say will serve as a future model for forensics in the region.
DALLAS-Economic changes force "dollars and sense" decisions from companies looking for more space and a growing proclivity to tailor structures. As spec construction shrinks, build-to-suits swell in popularity, particularly for large users.
PHOENIX-The Allred Cotton Center has added Wells Fargo to its tenant roster. The 26,600-sf lease will be used for a back-office operation and processing center. Brokers from Lee & Associates and CB Richard Ellis cut the deal.
MINNEAPOLIS-Gary Findell will head the firm's affordable housing focus in Minneapolis office. Casey Goldberg and Ron Marttila, with 42 years of experience between them, hold key posts in the Duluth office.
SAN DIEGO-A local college has closed escrow on the $8.5 million purchase of more than 38 acres of land in Otay Mesa. The purchase is part of the expansion of the college funded by the voters last November.
MINNEAPOLIS-The firm is cited by AIA Minnesota, the Minnesota chapter of the American Institute of Architects, for its work on the 400,000-sf Humphrey Airport Terminal and historic preservation efforts.