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SANTA CRUZ, CA-A source at Texas Instruments says he expects the property to realize a competitive rate for the 242,000-sf building. The value of a semiconductor manufacturing plant is approximately $300/sf, according to area real estate brokerage firms.
STAMFORD, CT-Barry F. Hersh, former vice president of the Brookhill Group, has been named associate director of the Steven L. Newman Real Estate Institute of Baruch College of the City University of New York.
SAN FRANCISCO-A 19-acre opportunity opened up at the foot of Telegraph Hill and two developers--Virginia-based Mills Corp. and Chelsea Piers--are head to head over which will get the chance to develop it.
FT. WORTH-It's just a small office, but a significant one for The Staubach Co. The Dallas-based firm has opened a Ft. Worth office, primarily to be close to one of its largest clients. Burlington Northern Santa Fe contracts with the firm to handle its more than 10,000 leases.
ASPEN, CO-The upscale Aspen Club Lodge lands a new owner and management company, a move coming shortly after completion of a $2-million renovation. Northridge Capital has bought the property from IRG Aspen LLC. The deal puts Kimpton Hotel and Restaurant Group in as manager.
ORLANDO-Mayor Larry Dale, who is also a commercial real estate developer and investor, reads the riot act to the five-member Sanford Housing Authority via a letter from the Seminole County Sheriff's office. Sanford is 25 miles north of Downtown Orlando.
LOS ANGELES-A 10-building, multifamily portfolio in Baldwin Village has been sold to local family trust for $3.4 million. The properties are 97% leased.
CHICAGO-Recently-renovated 1.4-million-sf 175 W. Jackson Blvd. is more than 50% leased after a makeover inside and out transforms the former Class C building into a Class A property. It was the Midwest's largest gut rehab.
AUSTIN-Trammell Crow is eyeing a Dec. 1 delivery, maybe even later, on its 142,951-sf spec office project. Construction has just started at the slightly more than 11-acre site near the intersection of Interstate 35 and US Highway 183.
HOUSTON-Fujitsu Network Communications is taking 24,000 sf at West Port Industrial Park while an energy-related firm has signed for 8,235 sf of sublease space at Ashford V. The signings are the handiwork of Trammell Crow brokers.