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STAMFORD-Chief commercial office brokers at area brokerage firms, while acknowledging the ill effects of the economic slowdown on the Fairfield County office market, stress the region is not that bad off, with asking rents on track and tenants continuing to play ball.
IRVINE, CA-MPTV intends to put toward renovating existing properties for sale as timeshare units. Bolton Capital delivered the term sheet for an $11.5-million loan and expects the deal to close in the near future.
ATLANTA-The nation's second largest wireless carrier is expanding its coverage area to Salt Lake City and Provo. The locally based firm is buying 15MHz of spectrum (wavelength) in each market from Leap Wireless International Inc. of San Diego in a deal valued at $140 million.
BILLERICA, MA-Clicklogistics Inc., which provides logistics technology and management services, has relocated and expanded its headquarters here to accommodate growth. The company opened its first office here six months ago and is now moving making a local move into a 12,500-sf office.
HOUSTON-McShane Corp. has taken control of an 84,909-sf multi-tenant office building at Park 10 Place. Seller Amber Jack reaps the financial reward from repositioning the 18-year-old property and investing in upgrades.
DALLAS-The first spade of dirt turns today on a $10-million imaging center prototype being developed by Dallas-based Cirrus Group. On hand will be key execs from Toshiba Corp., including its CFO, to welcome the first in a series of Cirrus-Toshiba centers.
BONITA SPRINGS, FL-The locally based developer of luxury multifamily and single-family communities reports a 36% increase in second-quarter net income. Bonita Springs is 120 miles northwest of Downtown Miami.
NEW YORK CITY-The landmark building at 48 Wall St. has opened after an extensive construction program that provided a complete renovation, restoration and upgrading of the building's structure. Swig Burris Equities is the owner.
PHOENIX-Texas Roadhouse Holdings has lined up its third Valley location, selecting the Desert Sky Esplanade power center. The restaurateur has paid $580,000 for a 70,361-sf pad site to developer John F. Long Properties of Phoenix.