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ANAHEIM, CA-Royal has paid $3.6 million for the property, which is located in Moreno Valley. The deal comes as sales activity continues to swell in the Inland Empire's multifamily market.<p>
CLERMONT, FL-Gov. Jeb Bush is being asked to overturn a judge's decision which gave the property owners a second five-year extension to develop the 1,434-acre tract into an estimated $1.2 billion mixed-use development.
TEMPE, AZ-The steel order's in for the $375-million stadium for the Arizona Cardinals. The order comes amid a swirling controversy and more threats of legal challenges to the selection of Tempe as the host city.
SEATTLE, WA-Having relied on traditional tenants, the 44-floor property owned by Bentall U.S. is virtually full and commanding gross rentals in the range of $33 per sf to $46 per sf -- a noteworthy feat in a market plagued with more than 5 million sf of sublease space.
WASHINGTON, DC-The agency says federal employees were evacuated from a smaller building in the World Trade Center complex before the twin towers collapsed, but the government apparently leased about 184,000 sf of space in Seven World Trade Center, which collapsed hours later.
SAN JOSE-At least one investment company is advising technology companies to evaluate their real estate options as possible saviors in the failing economy, with sale-leasebacks becoming a popular trend.
PHOENIX-North American Title will move in December to an upscale address in the Camelback Corridor. The firm has signed for 15,760 sf at the Biltmore Commerce Center in a five-year pact valued at $2 million over its life.
EATONTOWN, NJ-The transactions, at several different locations, represent several industry sectors and mirror a high level of technology-related leasing activity in the region.
HOUSTON-The Visionary Community Church of Houston has closed on the acquisition of an 18,000-sf distribution center. Also in Houston, an equipment and parts supplier has snagged an 18,450-sf industrial site from Waste Management.