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PHOENIX-Following in the footsteps of its largest city, Pima County is moving toward adopting an ordinance that would restrict the development of mega retail centers.
JERSEY CITY-A 60,000-sf building has joined the ranks of converted properties, having been reborn from industrial to office with a high-tech infrastructure. With 12,000-sf floorplates, the Kay Organization property is available for single or multi-tenant use.
BENICIA, CA-BeBe Stores Inc. will take 144,000 sf of an eventual 500,000-sf development here by Lincoln Property Co. called Lincoln Distribution Center. Another 96,000-sf is still available in phase I of the project.
NORTHVILLE, MI-A law firm pays $2.3 million for a 23,000-sf office building in here to as its western Detroit headquarters. The Lutz Cos. of Farmington Hills also places fixed-rate acquisition financing.
SEATTLE, WA-Nearly a week after the 6.8-magnitude earthquake, officials have inspected damage and tallied the costs for repairs to Seattle-International Airport. While it can now service flights in near-capacity numbers, extensive repairs will be required.
NEW YORK CITY-Brookfield, which invested $C63 per sf in Hudson's Bay Center, will redevelop its 102,000-sf of retail space and its 35-story, 535,000-sf office tower. It will also lease the renovated complex.
KANSAS CITY-CB Richard Ellis' Dan Carr is named Home Run Award Winner for closing deals worth $68 million, including Two Pershing Square Downtown and the sale of Waddell & Reed's Investor Park in Overland Park.
BROOKLYN PARK, MN-The leather retailer expects 20% gains in earnings and sales to continue. The earnings boost was credited to the company's private label strategy and fewer clearance sales.
NEWPORT BEACH, CA- Three area apartment buildings sold in deals totaling more than $3.5 million. All three transactions were handled by Morgan Skenderian Investment Real Estate Group.