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TORRANCE, CA-The company, Golden Star LLC, has paid $2 million for a vacant parcel in Torrance. It plans to build a 20,000-sf retail center on the site. The complex will feature a Mediterranean design and will include 12 retail stores.
ORLANDO-Completing a deal a month, the Oak Brook, IL-based REIT has purchased the 13-year-old, 281,247-sf, fully-leased Skyview Plaza Shopping Center in south Orlando from Atlanta-based OP&F Schroeder Trust for $21.25 million or $75.56 per sf.
FORT LAUDERDALE, FL-The locally based general contractor projects a 13-month construction schedule for the $23 million, nine-story, 97-unit condominium community 40 miles north of Downtown Miami.
PEMBROKE PINES, FL-The private two-year college and technical training school is paying property owner Harcourt General Inc. $11.80 per sf for the 31,139-sf site on an estimated five-year lease aggregately valued at $1.84 million. The site is 40 miles north of Downtown Miami.
ORLANDO-The Greater Orlando Aviation Authority is tabling the new work for 30 days until it can determine how much design revision is needed to comply with new Federal Aviation Agency rules on security. But other construction work on the $1 billion growth program continues.
TEMPE, AZ-Design Securities is packing up and relocating its Tempe operation to the Airport Business Center in an industrial and office area of the city. The move delivers expansion space to the security monitoring business.
RICHMOND, VA-The office properties are the 700,000-sf Koger Center West End in Richmond, VA; the 250,000-sf Koger Center at the Crossroads in Raleigh, NC; the 233,000-sf Koger Center Norfolk in Norfolk, VA; and the 30-building, 1.5 million-sf Koger Center in Miami.
CHANDLER, AZ-The Gila River Indian Tribe is sowing seeds for a refurbishment of Memorial Airport, a World War II facility developed by the Army Air Corps. Tribal leaders OK $250,000 to start the work and start talks to extend the land lease.
HOUSTON-City West Asset Services is headed to Westchase Central I while Radio Shack has added a site in Houston's southwest submarket. At least 34 of Radio Shack's 7,000 stores nationwide are located in Houston.
AUSTIN-A 16,000-sf sublease for NetQoS, a local networking services firm, is a welcome signing in the northwest submarket, Austin's hardest hit by the high-tech downturn. The firm will be moving into the 136,000-sf Millennium Building.