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PHOENIX-The local AFL-CIO chapter is gearing up to move into an 11,800-sf building that it has just bought for $1 million. Also just closing are two leases by DAUM Commercial Real Estate Services' Phoenix office.
SPOKANE-Bank of America has outgrown its 84,000-sf Sunset Hill building. Company officials say they are committed to the city and expect to decide within the next few months how to handle expansion of its credit card call center.
SEATTLE, WA-Locally-based Mastro Properties is divesting itself of out-of-state holdings and going great guns within, juggling a handful of new projects in Bellevue and Kirkland and leasing up another in Seattle's Ballard neighborhood.
DALLAS-McCarthy Building Cos. has kicked off work on the DFW International Airport's innovative People Mover System, part of a $2.6 billion expansion. A crew of 15 is on site, but more are coming as the estimated $15-million project advances.
ANAHEIM, CA-The company has purchased a 12,000-sf industrial facility in Anaheim, as the county's industrial market remains stable. A slowdown in construction is one of the principal factors contributing to the county's stable industrial market, according to local real estate experts.
SAN QUENTIN-A state report recommends relocating the deteriorating state prison in Marin County and redevelopment land. If a 500-unit residential community was built with minimum retail space and maximum historic preservation, the state's revenue could be more than $200 million.
MELISSA, TX-A 30-year-old commercial lumberyard has just broken ground on a $1.2-million facility amid plans to relocate. The Melissa, TX project gets a jumpstart with the sale of nearly four acres to the City of Murphy.
LULING, TX-An affordable housing developer in the small community of Luling has secured more than $1.1 million in a construction refinancing loan. The transaction is for the recently completed 40-unit Sandia Crossing.
LONDON-Office rental growth is continuing across the UK, according to the latest 50 Centres report from Jones Lang LaSalle. But the pace of growth in the key M4 Corridor market is slowing.