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AUSTIN-Blackmon Mooring Steamatic has boosted its Austin operation, signing for another 27,300 sf and beefing up its employee count. The Ft. Worth-based disaster-related restoration specialist now leases 58,500 sf at Rutland 5.
AUSTIN-Hendricks & Partners latest multifamily report is reflecting increases in rent and vacancy as concessions are now firmly planted in 42% of the class-A market. Meanwhile, more units are being delivered despite a dip in demand in most Austin-area markets.
ORANGE COUNTY, CA-Investment banker Buchanan Street Partners will invest $60 million on the fund's behalf to development and rehab urban infill sites. By combining it with money from other parties, up to $250 million will be available for various investments.
LOS ANGELES-Imagine Fulfillment Services signs 10-year deal for 117,217 sf of industrial space in Torrance and relocates from smaller quarters in Dominguez Hills.
PORTLAND-The three-story, 20,514-sf office building at 2300 SW First Ave. was auctioned in US District Court Wednesday. The building is one of the assets of Jeffrey Grayson and his company, Capital Consultants, accused of bilking investors of more than $300 million.
SPOKANE, WA-High hopes are held by those in the area who envision the development of wheat fields near Boeing's manufacturing plant helping to transform the area into a booming business center.
LOS ANGELES-The developer has paid close to $30 million for a 258,000-sf industrial and office facility in El Monte. The acquisition is part of Crown's plans to expand its portfolio in the Los Angeles Basin area.
WASHINGTON, DC-Richard W. Davidson will lead Insignia/ESG's efforts in its local office, which is one of the company's busiest. He comes to Insignia/ESG from CB Richard Ellis.
HOUSTON-Twelve Walgreens locations have come to market as a result of new stores being constructed in Houston, Kingwood, Texas City and Rosenberg. In all, Walgreens has slapped 180,595 sf on the sublease market.
MARLBOROUGH, MA-3Com Corp. is selling its four building office park here. The networking equipment manufacturer recently decided to outsource its manufacturing to Flextronics, but plans to lease back some space here after it finds a buyer.