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SAN DIEGO-The fitness chain takes 40,000-sf in the 100,000-sf shopping center for 15 years. The center was recently purchased for $11.5 million by Great American Capital. The new owner has plans for exterior improvements.
DALLAS-The first significant remodeling in nearly 20 years gets under way in August at the Downtown Dallas YMCA. The project is part of a $21.4-million capital improvement program that adds nine new Y's to the metroplex and upgrades 13 others.
ORANGE COUNTY, CA-Legislation that would give Santa Ana school districts 100 acres of land inside closed Tustin Marine Corps Air Facility is sent to Governor Davis. Regardless of what he does, more litigation appears likely.
ST. PAUL, MN-The housing project, part of a $210-million mixed-use development that includes a proposed US Bank office building, would create up to 1,135 multifamily residential units over seven years.
NEW YORK CITY-Last month, the availability rate in Midtown moved up just three tenths of a percent from the month before; Downtown leasing was less than half of what it was in 2000; and nearly 50% of Midtown South deals involved less than 25,000 sf.
IRVINE, CA-The locally based insurer signs deal valued at more than $30 million to move a few hundred yards away. Its new HQ once housed engineering giant Fluor Corp.
ROYAL OAK, MI-After nixing a $60-million mixed-use deal, city officials say they will keep about $650,000 if Tri-Mount Construction doesn't finish its condo project. The company blames the city for much of the delays.
NEW YORK CITY-Federated Department Stores have sold 408-416 Fulton St. and 420 Fulton St. to a group of investors, including Jeff Sutton and Eli Gindi. The investors plan to redevelop the combined 60,000 sf.
HOUSTON-Weingarten Realty Investors has completed the sale of $200 million in 10-year unsecured notes in a bid that keeps the door open for more acquisitions. The bond sale will be used to reduce a $350-million revolving credit line.
DALLAS-Rooms To Go has grabbed another Dallas-Ft. Worth site, where the game plan is to build a 25,000-sf store. Brokers also are looking in west Ft. Worth and Austin. Meanwhile, two renewals and a relocation seal 59,266 sf of industrial space.