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OAK BROOK, IL-Great Lakes REIT posts a 7.7% increase in first-quarter funds from operations in spite of three vacancy-plagued properties. The office buildings are in the East-West Corridor, north suburbs and northwest Milwaukee.
JACKSON, MI-The largest utility in the state needs a new building to hold more employees and new Internet lines, the company says. A $70-million project keeps Consumers Energy in this city's Downtown.
DENVER-Area apartment vacancy rates fell to 4.5% in the first quarter from 4.7% in the fourth quarter. But the decline can't be pinned entirely on renters leaving apartments for single-family homes.
SAN MARCOS, CA-The retailer has nearly tripled its space in the Los Vallecitos commercial area of this North County community, adding an additional 22,789 sf of warehouse and showroom space.
PALM BEACH GARDENS, FL-WPTV-Channel 5, a Scripps Howard Broadcasting Co. station, had leased the 65,000-sf build-to-suit offices since March from locally based Catalfumo Construction & Development Inc.
LA VERNE, CA-Jacksonville-based Stein Mart Inc. signs 10-year lease valued at $3.3 million for 35,000 sf at a local shopping center that was recently acquired by Wohl Investment Co.
PLYMOUTH, MN-CB Richard Ellis helps close the sale of a 351,182-sf facility to Lend Lease Real Estate Investments. Prudential Insurance Co. of America stays at the property at 3033 Campus Dr. as lessor.
SANTA ANA, CA-The 80,000-sf building was sold to property owner I.C. Myers Properties Inc. Melmarc, a silk screen printer, will occupy the entire facility, which stands at 4040 Carriage Dr.
HOUSTON-It's shapiing up to be a stellar year in land sales, says an area broker. Some 7.3 acres alone have been sold in Cedar Creek Crossing Park. Activity could be the hardiest it's been in five years.
RAMSEY, NJ-The book vendor takes its third location in the county, in a transaction arranged by R.J. Brunelli & Co., its exclusive agent in the northern part of the Garden State.