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SAN DIEGO-Westcore Industrial Properties has named veteran Southern California real estate professional Gary Katz as its director of acquisitions. In his new post, Katz will be responsible for buying and disposing of industrial, flex and R & D properties.
PORTLAND-Alexander Moving & Storage broke ground on a building two weeks ago, Frito Lay gets underway next month and in August the 230-acre industrial park's owner, Catellus Development Corp., plans to break ground on a revised speculative project.
AUSTIN-RuffCoffin, a new advertising agency, is building out 2,884 sf at Hannig Row, a historic CBD property along the bustling Sixth Street. The agency has inked a three-year lease in a Colliers Oxford Commercial-negotiated pact.
TARRYTOWN, NY-Officials with Dolce Tarrytown House and invited guests, including Westchester County Executive Andrew Spano, were on hand to celebrate the completion of a $15 million expansion and renovation project at the hotel/conference facility here.
SALEM, OR-The trophy of the Downtown bunch is a two-story structure on the northwest corner of Court and Liberty, the Hollywood and Vine of Salem. It sold to a longtime tenant for $557,000 thanks to a bidding war.
NEW YORK CITY-Midtown South suffered the most, with an influx of more than 830,000 sf. The vacancy rate there hit 8.3% while Downtown and Midtown rose to 5.6% and 6.3%, respectively. Overall asking rents slipped $1.36 per sf.
TROY, MI-New Home Depot stores here and in Orion Township will provide a retail niche for do-it-yourself builders with 120,000-sf outlets. Both donated money to local youth groups upon opening their doors.
NEW YORK CITY-The Federal Reserve, as expected, cut interest rates by another quarter of a percentage point. Cushman & Wakefield's Tim Welch tells GlobeSt.com it will likely not have a significant impact on real estate investing.