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ORANGE COUNTY, CA-The latest report released by M/PF Research shows new product under construction at triple the amount of product delivered last year.
AUSTIN-Endeavor Real Estate Group is undertaking a 34.5-acre retail project in Austin's Tech Ridge area. The developer already has signed two anchor retailers and is looking for a third.
NEWTON, MA-Teachers Insurance and Annuity Association sells Two Newton Place here for $25.9 million or $238 per sf. Local brokers consider the price relatively high for the Boston suburban office market.
HOUSTON-Two tenants at San Felipe Plaza have signed lease renewals totaling 21,411 sf. Staying put are Elf Trading Inc., a subsidiary of Total FinaElf and the law firm of Manning, Gosda & Arredondo.
FORT LAUDERDALE, FL-The locally-based developer attributes weak market demand in its decision to consider repackaging loans on the $30-million, 214,000-sf project. Still, demand by national retailers for more space continues at the Pembroke Pines, FL site.
GRAND PRAIRIE, TX-The Ramsey Family LP, based in El Paso, has bought its first holding in the metroplex. The 45,000-sf building in the Great Southwest Parkway Industrial Park has fetched between $1.3 million and $1.6 million.
EDISON, NJ-A 105,000-sf property is moved out of the Archon Group's portfolio. Most of the property is occupied by consulting, association and technology-related firms. C&W represented the seller in the deal.
MINNEAPOLIS-Three schools are eyeing the old Fort Snelling buildings as a campus. Now owned by the state's Department of Natural Resources, the fort has 28 buildings totaling 500,000 sf on a 141-acre site overlooking the Mississippi River.
NEW YORK CITY-The REIT is moving to sell its non-core retail assets, commercial properties and garden apartment communities so it can concentrate on neighborhood and community shopping centers.