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BEAVERTON, OR-Just in case someone needs an automated pallet-racking warehouse, it's ready and waiting at Millikan Business Center, a 280,000-sf, two-story industrial-flex project originally built for Tektronix and converted for multi-tenant use by Westport, CT-based Felton Management.
HOUSTON-Aspen Technology has found a taker for 17,187 sf at Ashford V in the city's west corridor. MEI Consultants is subleasing the spot through a deal handled by a Trammell Crow team.
HOUSTON-Unless oil and energy prices dip, Houston will be able to ride out any national recession much as it did to escape fallout from the 1997-98 Asian financial crisis, says a Federal Reserve executive in Houston. In turn, commercial real estate is healthy and should stay that way.
SOUTHFIELD, MI-The sale of a strip shopping strip center in White Lake Township, 40 miles northwest of Detroit, is a way for the REIT to eliminate asset drain and provide
DENVER-The New York Mets' parent company and a New Jersey partner have made their first score in Denver, buying the 464-unit Brittany Downs for $28.5 million. More acquisitions are sure to follow, says a company executive.
ORLANDO-The family-owned movie operation is taking 35,700 sf at the 100,000-sf suburban Lake Mary Centre for five years at an estimated aggregate rent of $3.21 million.
WASHINGTON, DC-The Carlyle Group is the recipient of $12.5 billion in investment funds from the California Public Employees' Retirement System. During the next two years, CalPERS could invest an additional $425 million with Carlyle.
MINNEAPOLIS-The food retailer and distributor has recently remodeled 90% of its 119-store chain in Illinois, Wisconsin and South Dakota in addition to Minnesota. It recently bought a store in Sioux Falls, SD.
STAMFORD, CT-While Fairfield County's office market has benefited from continued business expansion over the past several years, mergers and consolidations and high rents will bring some changes this year, according to Grubb & Ellis.
DETROIT-Seventy-six community airports in the state will split $22 million. Most of the airports will get for $150,000 to extend and repair runways, acquire land for noise abatement and meet environmental concerns.