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FT. WORTH-Trans-Trade, based in nearby Grapevine, is moving from being a tenant to a building owner in AllianceTexas. The global logistics provider has bought the 114,600-sf Gateway 29 and will move in July 1.
VANCOUVER, B.C.-Bonnis Properties Inc. specializes in the acquisition and development of commercial real estate in Vancouver's downtown and westside areas, while an affiliate focuses on multi-family development. Brothers Dino and Kerry Bonnis direct the companies.
BOCA RATON, FL-The locally based developer of time-share resorts and golf course communities, however, reports narrower losses for the fourth quarter ended April 1. Boca Raton is 42 miles north of Miami.
SAN DIEGO-Ending a contentious issue, developer Doug Manchester has sold his right to build a hotel at the former Campbell Industries shipyards back to the Port District for $5 million.
NEW YORK CITY-Jud Ebersman, managing director for Walter & Samuels, has come out saying NoLIta will fade away as a retail community and says that West Chelsea will be the hot retail neighborhood.
PHOENIX-A $5.4 million sale of the 124-unit Brookfield Apartments has commanded a sales price of $7,500 per unit more than the region's average. Phoenix's Canbrook Ltd. is the seller and KMS Management Inc. of St. Louis, MN is the new owner.
PHOENIX-A local investment firm has shelled out $6.1 million for business parks in Phoenix and Mesa to an institutional investor. In all, the Presson Corp. acquisition consists of four buildings and nearly 120,000 sf.
SAN FRANCISCO-The risk management solutions is leasing space at 625 Second St. from LookSmart, who is retaining most of its space in the 135,000-sf building. The transaction has a total value of more than $2.3 million.
AUSTIN-Littlefield Corp. is expanding its Austin homeport, buying the 9,000-sf Lumbermen's Association of Texas Building at 2501 N. Lamar. With the deal comes a plan for Lumbermen's to move into Littlefield's leased site at 816 Congress.