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TOLLESON, AZ-Tosco's need for more distribution space for its convenience store operation sparks a 10-year lease signing for an extra 33,000 sf at Ryan West Business Park. The lease is valued at $1.5 million. Tosco now occupies more than 182,000 sf.
ORLANDO-SuperChannel Centre Inc., parent of religious-broadcasting TV station WACX-Channel 55, will lease out most of the prime space in the $40 million, 18-story building, the largest in Seminole County overlooking Interstate 4 from Cranes Roost Park in suburban Altamonte Springs, FL.
SAN ANTONIO-Three veterans of the San Antonio-Austin legal community have launched a new firm. In doing so, they have taken over leases from their former employer. The new firm's name is up at One Riverwalk Place and 100 Congress.
AUSTIN-Central Market, claimed to be Austin's second-largest tourist draw, will have seven European-style shopping markets on line come 2002. In-house talk says ultimately up to 17 could evolve from the concept.
JERSEY CITY-A partnership led by general partner Larken Associates is turning the old factory into the Sugar House at Liberty Cove, with apartment units ranging up to $1.5 million.
PHOENIX-Work's under way on the Retreat at the Raven, a class-A project. As dirt flies, developers are courting prospects for a 30,000-sf office building at the same intersection in the Baseline Corridor. The apartments deliver in October.
CORONADO, CA-Construction is complete on a $19.7 million, 150,000-sf commissary facility on 14 acres at the corner of Colorado and Quay avenues on the North Island Naval Air Station.
SANTA ANA, CA-A two-story, 20,000-sf office building here in Santa Ana office has been acquired by Fisher Properties, the latest in a string of office properties to be sold in recent weeks.
NEW YORK CITY-Residential prices are edging down and sales are falling sharply, says the Federal Reserve Bank report. The office sublet market has a lot of space available, but business is good in Long Island City.