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MINNEAPOLIS-The architecture firm hires Jerry Delaney away from TSI Communications Worldwide in New York. Shea also hires Eric Fetrow as senior graphic designer for its Minneapolis
LOS ANGELES-The complex, which encompasses 45,548 sf, is located in Arcadia. Rents and prices in the San Gabriel Valley have remained fairly steady in recent months, even as other submarkets have weakened.
DENVER-Twin Peaks Excavating Inc. has begun installing the first of more than 25 miles of new water, sewer and storm sewer pipes for the $4-billion redevelopment of the former Stapleton International Airport.
NAPLES, FL-Action could signal a move by Collier County officials to either make a formal bid on the 1.75-acre outparcel, likely at a premium price, or possibly even a public-taking. Naples is 102 miles west of Miami.
MANCHESTER, NEW HAMPSHIRE-Raytheon Corporation sells its 2.72-acre site here on East Industrial Park Drive to Astoria LLC for $204,000. Once it secures an anchor tenant, Astoria plans to develop the site and lease the building on a build-to-suit basis.
HOUSTON-EZCorp has retained a Houston company to dispose of 45 pawnshops as it lines up sale-leaseback deals so it can eliminate a secured line of credit. Twenty have been sold in just four months and the balance could be gone in 90 to 120 days.
PORTLAND-Equity Office Properties Trust regional director Pat Callahan tells GlobeSt.com that leasing for 1001 Fifth, now handled by CB Richard Ellis, will eventually be handled in-house while leasing and management for the local industrial properties likely will be outsourced.
LONDON-The cash-strapped borough of Hackney is planning to sell off its surplus property assets in a bid to stave off financial crisis. Agent Nelson Bakewell has won the sales instruction.
HAZEL PARK, MI-A 100,000-sf facility is proposed for new $12-million civic complex, with retail tenants on the bottom floor to help support the municipal property's existence. Financing options are being explored.