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WOODBRIDGE, NJ-The Gilbert organization, buying the facility it had been leasing, needed the space permanently to handle its increasing volume of business. Blau & Berg was the agency handling the transaction.
NEW ROCHELLE, NY-The IKEA furniture chain announced at a press conference at New Rochelle City Hall yesterday, Jan. 31, that it will no longer pursue a controversial plan to build a 300,000 sf store here.
IRVINE, CA-3DSP Corp. will move into its new location in the Irvine Oaks Executive Park shortly, after having signed a five-year sublease for the second floor of the building.
HILLSBORO, OR-Washington County wants to sell the land for $7 million for development of a Lowe's Home Improvement store, but its listing on the City of Hillsboro's cultural resource inventory is grinding the process to a halt.
AUSTIN-Centex Construction is the successful bidder to construct a $45-million Austin Museum of Art. The project, which gets under way in April, marks the Dallas-based builder's fourth large-scale undertaking for the arts world.
AUSTIN-A prime piece of commercially zoned real estate is now the property of Austin's Kucera Co. The game plan reportedly is to build an office project on what has been labeled as the last available tract in the upscale mixed-use Arboretum.
HOUSTON-Offices2Share, based in New York City, and Houston's Boxer Properties are melding strategies to use the Internet to advance the short-term leasing market. One has the properties and the other, the technology.
SAN DIEGO-Port officials again agreed to give developer Doug Manchester more time to come up with financing for a much-needed expansion of the bayfront Hyatt.
CHICAGO-The $1.3-billion sale of 21 malls by The Richard E. Jacobs Group to CBL & Associates Properties, Inc. includes three in Madison, WI, and one each in Brookfield, WI; Racine, WI; and Rockford, IL.
MANHATTAN, KN-The 55,700-sf shopping center in this college town is sold to Chicago-based Heritage Property Investment Trust as Glimcher Realty focuses on its stronger markets. The center is anchored by Falley's Food 4 Less.