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SAN DIEGO-A publicly traded homebuilder has announced that it is developing a Del Mar Heights project as part of a strategy to diversify into apartment construction and leasing.
DENVER-Retail, particularly grocery-anchored retail centers, are sought after in the market but the associate director of Cushman & Wakefield's Denver office predicts a 36% drop in office, industrial and retail sales volume.
DUBLIN, CA- The proposal for a three-story building seemed to be a sure thing, as the land is zoned for office use. But city officials, heeding citizen requests it be turned into a park, are revisiting the plan by Berkeley Land Company.
DENVER-Boston-based General Investment & Development Co. pays $78.7 million to Dallas-based JPI for the 652-unit Jefferson at Meridian. The seller probably would have been higher had JPI waited to increase occupancy.
HOUSTON-A Houston investor has taken the title to a 45,000-sf warehouse along S. Interstate 35 in a deal brokered by NAI Partners Commercial and Southwest Realty Advisors. The property had carried a $650,000 asking price.
SAN DIEGO-A local construction company is tapping into the county's hot apartment market, launching a nearly $1 million renovation of a Mission Valley complex.
ORANGE COUNTY, CA-As the lack of new construction keeps demand for industrial product high in Orange County, the region's industrial market has remained fairly stable, according to a recently released report by Voit Commercial Brokerage.
LOS ANGELES-Development firm MaguirePartners chooses designer for key Playa Vista component. Decision on sale of major stake in the company will come soon.
ELK GROVE VILLAGE, IL-A 100%-leased 25,000-sf industrial building at 65 Kelly St. is sold for $1.05 million after a 20,616-sf industrial building at 115 Gateway in west suburban Bensenville sells for $825,000.
ATLANTA-Paradyne, a Fairlawn, NJ-based broadband hardware maker, is contracting with locally based Advantis Real Estate Services Co. to find office tenants for its Building H in Spectrum Technology Park, Largo, FL, a Tampa suburb 80 miles west of Downtown Orlando. The negotiated fee was not disclosed.