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LONDON-Matrix Securities has set up a tax transparent limited partnership, registered in the Channel Island of Guernsey, to take over the ownership of Northgate House, MEPC's City office building at 20-28 Moorgate, London EC2.
IRVINE, CA-The 171,979-sf mixed-use Palm Court development is now under the ownership of Connecticut General Life Insurance. Financial terms of the acquisition were not disclosed officially, but brokers in the area say the transaction is worth about $35 million.
SEATTLE-"But that's what happens when tenants sign 10-year agreements," says Arne Gillam, director of leasing for Unico Properties, who recently resigned five tenants to space at Unico's One and Two Union Square properties in Downtown Seattle.
SEATTLE-The 75-unit complex by Harbor Properties is scheduled for completion in July 2002. Pre-leasing will begin next spring. The locally based developer is also working with Paul Allen on an office building in the South Lake Union area.
WASHINGTON, DC-Among the transactions, the retail-only real estate services group helped place retailers in a North Carolina mall, a Buffalo, NY warehouse and brokered sale of land for Washington strip mall.
SAN DIEGO-A development company co-owned by San Diego Padres owner John Moores has reached the halfway mark on Del Mar Marriott, a new 12-story, 284-room hotel in the San Diego Corporate Center.
HOUSTON-A pet hotel and resort operator is planning a facility on a three-acre tract in Ft. Bend County. In another freshly closed transaction, the W.W. Scarborough trustees have picked up 19.7 acres near Hiram Clark and W. Airport Boulevard in Houston.
SAN JOSE-The 21-story, 336,000-sf structure, to be located at 8 East San Fernando, will be the tallest building in the city. Skidmore, Owings & Merrill is the architect for the project.
HOUSTON-A.G. Edwards and a Houston law firm are moving lock, stock and barrel into new offices. The investment firm heads to a Crescent building while the law firm goes to a BGK Texas holding along N. Loop West.
SEATTLE-Despite missing Robertson Stephens' earnings estimate by a penny this week, analyst Jay Leupp views the self-storage REIT's first quarter results as moderately positive -- especially new store openings. The company's stock price hit a 52-week high last week.