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PHOENIX-A Colorado-based real estate investor who has been buying select properties in the East Valley for the past five years, has purchased another center, this time in Mesa for $12.4 million.
CARROLLTON, TX-One company's settling into 16,787 sf of office-warehouse space at 2120 Hutton Dr. in Valwood Park while another will be moving into its new spot in mid-March. Pollock Realty has snagged the tenants in five-year leases negotiated by The Industrial Group.
McCOOK, IL-Wells-Gardner Electronics Corp. is relocating from 2701 N. Kildare Ave. in Chicago to 9500 W. 55th St. Itasca, IL-based FCL Builders, Inc. is doing a tenant build-out on 104,110 sf.
ST. PAUL, MN-The Port Authority has deposited $1.3 million in a condemnation fund for eight acres of the former Stroh Brewery site. The Port Authority will develop the proposed 25-acre Westminister Junction Business Center.
DETROIT-The free service should save developers and residents time and money. Future improvements to the Online Property System include additional property related information and more elaborate search options.
VANCOUVER, WA-According to a report by Norris Beggs & Simpson, seven pending projects will add nearly 285,000-sf of office space to the market this year, and class A rents will stay in the $20 per sf range.
PHOENIX-A state legislator has introduced a bill that would allow general contractors to avoid paying a sales tax increase on contracts signed before June, a move that could save them tens of million of dollars but is opposed by the governor.
DALLAS-Texans love to shop and retailers love to provide product. The latest year 2000 report shows the retail sector is riding at its highest level in 15 years. Some 8.7-million sf had delivered by yearend and there's more on the way.
LOS ANGELES-SCAG's Transportation Committee has predicted that passenger traffic at a handful of Southland airports will significantly increase by the year 2025, if the agency's anti-LAX expansion plan is implemented.
PURCHASE, NY-Two new tenants have signed lease deals totaling 7,400 sf of space at the RiverView at Purchase office complex. Professional Placement Associates and Rexam Inc. are the two latest tenants at the complex.