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SCOTTSDALE, AZ-Bataa Oil Inc., headquartered in Greeley, CO, has used part of the proceeds from oil well sales to buy the Kierland Corporate Center. The 109,800-sf office structure has brought $21 million or about $200 per sf.
PHOENIX-A Litchfield-based private investor is the new owner of a 35,300-sf distribution center that is leased to the Arizona Republic. The investor has paid $3.5 million, the same as last year's buyer for another of the paper's distribution facilities.
LONDON-Lord Rogers, the Mayor's adviser on architecture, is to focus his efforts on promoting development on no more than five key sites across the capital.
NEWTON, MA-El Paso Merchant Energy Group, the international natural gas company, enters the New England region by opening an 8,000-sf office here at Two Newton Executive Park. The company is in the process of developing new markets.
NEWPORT, CA-Locally based Koll Development Co. has acquired a 13.71-acre parcel in Arizona for $4.6 million and plans to build an 189,524-sf office project on the site.
BREMERTON, WA-A $33-million building is proposed for downtown Bremerton, a major gateway to the Olympic Peninsula. The government center would house offices for the City of Bremerton along with 250 county employees.
NEW WINDSOR, CT-First Columbia LLC of Albany has retained Insignia/ESG to market its ambitious 2.5 million-sf mixed-use project on the Stewart International Airport property here. The site is a former army base.
BOSTON-While all signs point to a softening commercial real estate market here, CRESA Partners, a corporate real estate advisory firm specializing in tenant representation, negotiates a number of leasing deals for its clients here and in the surrounding areas.
HOUSTON-A Jerusalem-based tradeshow supplier is using Houston as its port of entry to the US. Morfit ExpoMaker says Houston's easy access to the Americas and Mexico has sparked the decision to come to Texas.
WASHINGTON, DC-Telecom companies that agree to use the voluntary model licensing agreement for accessing office buildings will face speedier negotiations with members of the Real Alliance Network, officials say.