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NORTH OAKS, MN-The company that founded the Twin Cities suburb four decades ago and owns all the undeveloped land here hires Leonard Street Deinard real estate attorney Carolyn McCann as its president, replacing Richard Leonard.
SANTEE, CA-Commercial developers are eyeing this East County suburb for a huge biotech and high-tech campus as land availability continues to tighten in central and north San Diego County.
SAN DIEGO-High rents and limited availability threaten to price large numbers of renters out of the county's apartment market, according to a report by Marcus & Millichap Real Estate Investment Brokerage Co.
KILLEEN, TX-A Grubb & Ellis Co. broker in Dallas, who's in charge of selling vacant 7-Elevens nationwide, has found a taker for a Killeen store. The couple has paid $180,000 for the retail site in comparison to one in Phoenix that has just netted $475,000.
ROYAL OAK, MI-Three mixed-use office/hotel projects are submitted for the entrance to popular suburban Detroit downtown nightspot. City commissioners will continue discussing those plans tonight.
LOS ANGELES-Private investor pays $10.2 million for 52,000-sf medical office building in Pasadena, helping to keep local brokers busy while many big institutional buyers stay on the sidelines.
AUSTIN-Research and development in Austin might have to take a back seat to logistics and distribution in a few years. Lots of land and proponents hope to turn the corridor into an L&D hub, a potential bolstered by cargo capability expansion at the airport.
BALCH SPRINGS, TX-An interior building at the Elam Village Shopping Center in Balch Springs has a new owner, Retirement Realty Equities. The seller's broker describes the sale as a bread-and-butter deal for the buyer.
DENVER-ProLogis signs an agreement with international distribution company TNT for five build-to-suit facilities totaling 1.7 million sf. The largest is 1.1 million sf in the Seliport Industrial Park in Milan, Italy.
CHICAGO-One fallacy of dot-com implosion is "some people wonder if the Internet matters anymore" but computers are likely to continue to grow in practical usage for brokers, leasing agents, property managers and financiers.