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AUSTIN-The guessing is over as the owner of a 700,000-sf, eight-building site abutting the Domain readies it for the sales block in the coming weeks. It's one of the heaviest one-time hits this year for an Austin submarket.
DALLAS-Staples has latched onto nine more sites in its bid to capture market share from big-box competitors Office Max and Office Depot. When all is said and done, the Dallas-Ft. Worth rollout will put 25 locations into the Staples portfolio.
SEATTLE, WA-Just four months on board as the new head of Vancouver, B.C.-based Colliers Macaulay Nicholls International, Douglas Frye is headquartering himself in Seattle and tightening internal operations en route to expanded services.
FARMINGTON HILLS, MI-Robert Henry will work in the firm's mortgage banking division, specializing in all types of income-producing real estate, as well as providing acquisition and disposition services.
LAKE FOREST, CA-The company has signed a lease for a 21,315-sf industrial building in Lake Forest. It is the latest in a string of Orange County transactions involving mid-sized and smaller industrial properties. Earlier this week, three Orange County industrial properties changed hands for a combined $2.3 million, as reported by Globest.com.
ATLANTA-One of the biggest names in commercial real estate is buying an equity interest in the 26-year-old, 29-story, 610,000-sf Tower Place 100 office building in a deal valued at an estimated $130 million.
LAKE ZURICH, IL-Homeowners living near the northwest corner of Rand and Deerpath roads object to plans to build a 24-hour Powerhouse Gym on the 11-acre site. The concept will be reconsidered by the plan commission.
PORTLAND-Locally-based Parr Financial buys the 173,392-sf, three-story building in the heart of Downtown from CT Investments Inc, a New York-based individual investor that has held the property for several years. Nordstrom has 17 years left on a lease that includes options to 2037.
BROOKLYN PARK, MN-The pill manufacturer shifts from tenant to building owner with the purchase of the facility where it had rented space. The complex will allow the Cima Labs Inc. to add manufacturing and product development facility.
SANTA ROSA, CA-NAMO Co LLC bought a 25,900 sf office building in the heart of the Santa Rosa Business Park for $115 per sf. According to broker Paul Gonzales, this is an example of how well Santa Rosa is holding up in the declining economy.