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DENVER-Rick Calhoun, a veteran broker and developer, returns to this city after a 16-year absence. He returns from Oakland, CA to replace Mike McKenna, who abruptly left the post recently.
TOLLESON, AZ-Becknell Holdings LLC, based in Champaign, IL, has closed a $375,000 deal for a little more than five acres abutting Nabisco's distribution center. The buy will fuel a large-scale expansion of Nabisco's Tolleson operations.
MINNEAPOLIS-Apogee Enterprises reports that it has a large backlog of orders for the "architectural" part of its business. First quarter fiscal 2002 earnings from operations are $0.20 per share.
ATLANTA-Centennial Hill Development Partners is focusing on finding a blue-ribbon anchor for its 282,000-sf, spec Park Tower near Centennial Olympic Park but could switch gears if a big-user tenant can't be found, area brokers say.
SANTA ANA-The 94,988-sf R&D building sits on a 6.5-acre site and is fully leased to two tenants. Horizon took 60,000-sf in the Essex Corporate Center and after construction was completed. Hirsch Electronics signed a lease for the remaining space.
ORANGE COUNTY, CA-Once a leading manufacturer of printers, the company's local plant is shuttered by its Tokyo-based parent. Closure is blamed on weak PC sales and ongoing retrenchment of Japanese firms.
PHOENIX-The region's industrial market is on a roll, keeping values up for the seventh consecutive year, according to a new survey. A historical high of $50.58 per sf has been calculated as a result of last year's activity, up $1.66 per sf from the prior year.
CHICAGO-A six-story, 153-unit building at 6650 W. Belden Ave. next to Shriners Hospital is under construction. Work on a seven-story, 180-unit building starts later this year. Units will be affordable to those 55 years and older.
SACRAMENTO, CA-The newly formed City of Elk Grove is using a loan from the League of California Cities for the project. The City will own the building in 15 years, when it pays off the loan.
PORTLAND-The fully leased, 183,000-sf office building sits on the southern outskirts of the central city at 2525 S.W. First Ave. It is expected to trade in the $25 million range.