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NEWARK, CA-Officials at Ohlone Community College are eyeing a 43-acre former salt-ponds parcel here as a potential site for a new campus devoted to high-tech teaching. The city of Newark has been leasing the land from Cargill since last year.
FT. WORTH-S.C. Johnson has signed the largest lease expansion in the history of Alliance. The household products supplier will be moving into a 408,000-sf build-to-suit that will more than double its distribution space, GlobeSt.com has learned.
LOS ANGELES-The already-tight market for local industrial space has tightened some more, as a manufacturer and retailer of clothing and accessories signs a 10-year deal for 123,445 sf in Vernon.
QUINCY, MA-The new 17,000-sf HQ, once a Howard Johnson candy factory, has been completely renovated. Nearby executive parks are charging substantially higher rents.
BOSTON-Carpenter & Co. is reportedly considering buying the New England Life building here in the Back Bay. While MetLife insists it is not for sale, 300 employees were moved out of the building.
GOLDEN, CO-The real estate cyber world is forming a clique for cross-marketing clicks. AmeriQuotes.com is developing partnerships with OfficeFinder.com, 1031properties.com and RainMaker Financial Affiliates.
NEW YORK CITY-A spokesperson for TrizecHahn tells GlobeSt.com despite the diversification trend, it will pull out of Europe completely over time and refocus on its office properties. Six properties in the US, UK and Canada have just been sold.
MIAMI-A new survey shows a total 9.7 million sf was absorbed in the Miami-Dade, Broward and Palm Beach county market and a healthy average vacancy level of 5.73%. But some fear the market may slow down shortly due to sagging manufacturing retail and wholesale sales.
PHOENIX-A Phoenix-based gaming operator has placed a $175-million bet that gambling's popularity will increase in Atlantic City. Aztar Corp. plans to expand the Tropicana Casino and Resort there.