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ORLANDO-AMB Property Corp. of San Francisco lands an 86,974-sf, 10-year tenant in Dallas-based PrimeSource Building Products Inc. The estimated $3.5 million deal was done in two months, a transaction that normally takes six months.
KENT, WA-After spending tens of millions customizing a 350,000-sf distribution warehouse here, the troubled online grocer decides to remain in its existing but smaller Renton digs. In April the company closed its Atlanta operations, vacating 350,000 sf and laying off 485 employees.
SAN DIEGO-The four-building complex is located in Sorrento Valley. The seller is Limar Realty Corp. The buyer is Westcore Sorrento Pines LLC, the managing member of which is Westcore Industrial Properties.
LOS ANGELES-A CBRE source tells GlobeSt.com most of the savings will come from not filling vacant positions, many of which were budgeted to be filled in the coming months. Additional cutbacks include smaller bonuses for executives.
LOS ANGELES-A 36,877-sf office building in Whittier has changed hands for $4.3 million the third office disposition to be announced this week in Los Angeles County. Combined, the sales represent more than $90 million in sales activity.
LIVONIA, MI-A Grubb & Ellis team represents an independent paper distributor in its leasing of 32,736 sf at 35255 Glendale. Location near an expressway and six truckwells are factors in the decision.
DENVER-The direct vacancy rate remains strong at 9.32%, but when subleased space is included in the equation, it rises to 11.93%, according to a first quarter report by the Denver office of Jones Lang LaSalle.
MIAMI-The Miami-Dade County Housing Authority is issuing $10.3 million in tax-exempt and taxable bonds to build a 214-unit apartment project for low-income wage earners.