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SAN DIEGO-A limited partnership of Diversified Properties buys 2.5 acres in the Sabre Springs Business Park for $1.9 million. The local investors plan to develop a 50,554-sf office building.
LOS ANGELES-A fully leased, 85,300-sf office building in Monterey Park office has changed hands. The buyer is a private investment group. The transaction was a 1031 exchange.
ATLANTA-Despite the city's 2.5-year supply of class A office space, the Charlotte-based developer expects to break ground in August on 20-story, $100 million Cobb Tower at Interstate 75 and Cumberland Boulevard.
SAN FRANCISCO-The rating is recognition of the locally based mortgage insurer's significant commitment to the European mortgage insurance business, and will enhance the company's ability to capitalize upon those prospects.
OAKLAND-The firm is in 90,000 sf on the 21st through the 25th floors of the 16-year-old Lake Merritt Plaza at 1999 Harrison Street. The 11-year deal averages out to more than $4.20 per sf per month for 90,000 sf of space.
HOUSTON-The North Harris County Community College District has completed a 200-acre buy from the Sweeney Doehring Estate. The land is located at the intersection of Barker Cypress and West Road.
ORLANDO-Asking prices on most hotel properties haven't yet dropped but the lack of available debt is hurting investment and development, Robin L. Webb, vice president/managing broker, Arvida Realty Services Commercial Division, tells GlobeSt.com.
JERSEY CITY, NJ-The New York Chapter of NACORE hosted experts to speak on Friday, May 18 on why the market here has become so strong, luring away businesses from across the River.
NEW YORK CITY-A three-building restoration project on the Lower East Side will yield 22 market-priced residential units. On the Upper West Side, new luxury condos are provoking an "incredible" response.
HOUSTON-Vantage Cos. is taking heed of research that shows a strong demand for smaller user industrial parks. That research has sparked a 198,000-sf, eight-building spec project at Blalock Road near Beltway 8 and US 290 in the northwest submarket.