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AUBURN HILLS, MI-The home of Daimler-Chrysler is about to absorb 134,000 sf of office/industrial space with Dallas-based Koll Development Co.'s speculative building on Squirrel Road in the Oakland Technology Park.
SAN ANTONIO-A Texas-based investor has an option to buy Nacon Plaza after brokers secure a new tenant for part of a vacant anchor spot. The Dollar Store will move into 25,714 sf of the 42,130-sf that had been subleased to Big Lots for more than a decade.
LOS ANGELES-In a decision that can now be cited nationwide, the California Supreme Court says victims of attacks at crime-plagued buildings generally cannot collect damages from the owner unless it can be shown the attack was a direct result of inadequate security.
BOSTON-The basic strength of Downtown is demonstrated by lease increases on the part of two local law firms. The leases, at World Trade Center West, ensure that this Downtown building is now 68% pre-leased.
DALLAS-Granite Properties, with offices in Dallas and Houston, has been ranked top of the class for four Texas properties by its tenants. Out of 6,000 buildings, only 230 have met the criteria for BOMA International's "A" list.
LOS ANGELES-A Tujunga-based developer of self-storage facilities has pays $1.2 million for a 70,000-sf parcel in Van Nuys. The company plans to build a 104,000-sf self-storage facility on the site.
BELLEVUE, WA-Although the Eastside office market here has taken a beating, Bob Farra of Colliers International and Jeff Scanlan of CB Richard Ellis' Bellevue are seeing pain-free pastures further out on the horizon.
ATLANTA-A Marcus & Millichap June office investment assessment of the metro area shows annual appreciation is between 3.5% to 4.5%, down from previous levels of about 6% a year.