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TEMPE, AZ-The Donkersloot Family Trust has the title to a 10,000-sf office building in a sale that brings $150 per sf for the limited liability company seller. The building had been 100% occupied at sale time.
DALLAS-Roy F. Weston Inc., a leading environmental remediation firm, has leased its second office in the Dallas metroplex. Two months ago, the international firm had signed for Pacific Center II and now it's off to Farmer's Branch.
ORLANDO-If you are an out-of-work bank executive looking for a new six-figure job, you might want to apply quickly to James M. Seneff Jr., a developer/financier whose locally based CNL Holdings and other principals own the $104 million-asset CNL Bank.
ATLANTA-The 405 million-sf warehouse/distribution market posted a first-quarter vacancy of 9.3% versus an average 8.7% for all of 2000. But new construction of 10.7 million sf shows development and tenant demand remain strong, especially in the bulk warehouse sector.
LOS ANGELES-Developers of a $1-billion-plus mixed-use project next to Staples Center have reached a compromise with homeowner groups, unions and environmentalists. The pact could lead to final approval from the City Council later this month.
OAK BROOK, IL-The office REIT is in the due diligence phase of two suburban office deals worth about $18 million, company officials say, further additions to a portfolio that includes the recent $26-million 1600 Golf Rd. purchase.
LIVONIA, MI-Mayor Jack E. Kirksey says the restaurant is "tacky" and doesn't meet the image for a family-oriented city. He also upholds a plan commission recommendation with his rare veto.
TEMPE, AZ-The 37,600-sf Pepperwood Plaza has been sold for $3.7 million to a Phoenix-based private investor. The sale does not include anchor ABCO or a freestanding Burger King. The property is close to the regional mall, Arizona Mills.
FOOTHILL RANCH, CA-A 39,640-sf industrial building in Foothill Ranch has been acquired for $3.3 million by a manufacturer and distributor of machine tooling equipment.