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WARRENVILLE, IL-International Truck and Engine Corp. takes a 260,000-sf build-to-suit at the Cantera office park, while another 91,897 is available at Keystone at Cantera. Jones Lang LaSalle Development is involved in both deals.
SANTA ANA, CA-The five-year deal for 38,970 sf has been inked by a long-term tenant of the building. The transaction follows another recent office deal in Santa Ana, in which an office suite was leased for $1.2 million.
DENVER-General Investment & Development has closed on a $61-million loan for its 652-unit Windsor at Meridian Apartments in Douglas County. An L.J. Melody loan originator in Denver has financed the deal through Cigna.
VANCOUVER, WA-A Kennewick-based real estate and development firm is spending $5 million to develop a 36,000-sf, steel-frame office project near State Route 500. The first half of the building will be made of pre-fabricated steel and completed by October.
HOUSTON-A regional retirement planning and actuarial consultant has relocated from within Houston's northwest submarket, signing for office space at the class A Cornerstone Towers. The Malcolm Thompson & Associates' lease encompasses 6,510 sf.
DALLAS-Well-capitalized investors looking to tap the seniors housing market should check out Texas, say two Dallas-Ft. Worth specialists. Returns are riding somewhere between 13% and 20% in a market with plenty of properties to be had.
ALBANY-The war of political wills in Albany that resulted in the approval of a $79.6 billion base-line budget last week could effectively wipe out $400 million in economic development funding this year in New York State.
ANAHEIM, CA-The facility encompasses 55,000 sf. Buyers continue to snatch up industrial property countywide, as the industrial market has been keeping steady.
AUSTIN-Trammell Crow's Austin team has two new senior vice presidents. Kevin Granger assumes the role for the office leasing division and Chad Marsh snags the title for the industrial leasing team.
ATLANTA-Windsor Hospitality Group of Los Angeles has opened the $18 million, 150-suite Embassy Suites Atlanta-Alpharetta, 30 miles north of Downtown. Extended Stay America Inc. of Spartanburg, SC is introducing a 104-room, three-story efficiency studios hotel built at an estimated hard construction cost of $12.5 million in Savannah, GA, 200 miles southeast of Downtown.