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MILPITAS, CA-The independent supplier of storage management software buys the property for development of a second Silicon Valley campus. The first one, in Mountain View, will be completed in June.
ATLANTA-The auto maker signed a seven-year lease for 132,000 sf in Suwanee Creek's Building 300 and plans to move in by the end of the year. The lease's estimated value is $9.4 million. Seefried Properties is developing the building.
WASHINGTON, DC-Graimark-Walker Urban Land Developments will buy a 23-acre parcel from the city for $3 million and build a 275,000-sf retail complex anchored by Kmart and Giant.
LARKSPUR, CA-Using funds from recent industrial property sales, Spieker Properties picks up Drakes Landing for $330 per sf. The purchase gives Spieker 390,000 sf of space and a dominant position in the submarket.
DALLAS-Newport Mortgage Co., based here, is now the property of KeyCorp, a Cleveland-based commercial lender seeking to develop a nationwide mortgage finance company under the banner of Key Commercial Mortgage. A management shuffle is under way.
NORWALK, CT-While the stock value of Priceline.com dropped at warp-speed, real estate brokers questioned what the fall out will be on its more than 400,000 sf of office space.
VALHALLA, NY-The Westchester Medical Center broke ground Tuesday on a $175-million project to build the new Maria Fareri Children's Hospital and Trauma Center at the Valhalla campus. More than 1,000 people were on hand for the event.
HOUSTON-A Charlotte, NC-based, equipment supplier is leasing 7,000 sf to open its first retail location in the city. Brambles Equipment Services Inc. deals in the sales, leasing and rental of construction equipment.