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NORWALK, CT-The C.R. Gibson building here has been sold to an owner of a women's health and fitness center company for $1.7 million, according to Grubb & Ellis Co. of Stamford, CT, which brokered the deal.
AUSTIN-Five Austin businesses have finalized leases for industrial and office space. The largest deal puts Summitt Electric Supply into 56,000 sf at Interchange Business Park.
SAN JOSE, CA-The Dallas-based company wins the management and leasing contract for the 100,420-sf Bayshore Plaza office building in downtown San Jose formerly managed by Parkway Properties. It is 98% leased to 10 tenants.
DALLAS-The Dallas Chapter of NAIOP is ready for the year, seating a new roster of officers to lead the organization this year. Heading the distinguished group is Michael Dardick of Granite Properties.
WHITE PLAINS-Westin Hotels & Resorts, a subsidiary of Starwood Hotels & Resorts Worldwide Inc., based here, reports that its management agreement with Philippine Plaza Holdings Inc. for the Westin Philippine Plaza has been renewed.
BOSTON-The Convention Center being built in South Boston is reportedly way over budget, prompting the Massachusetts Convention Center Authority to stop design work on the project while it reviews the numbers.
KANSAS CITY-Five local stores are affected, including locations at Oak Park Mall, Ward Parkway Shopping Center, Metro North Shopping Center, Blue Ridge Mall and Indian Springs Marketplace.
DALLAS-A Dallas-based child-care provider has found a niche in corporate America, building on-site centers tailored to workers with non-traditional schedules. Children's Choice has added MGM Grand in Las Vegas and Medical City Dallas to its construction list.
PHOENIX-Work has begun on a restoration project along a portion of the Salt River in Phoenix that could turn the most blighted land in the Valley into a hotspot for redevelopment.
MILL CREEK, WA-"It's a nice little institutional investment in a fast-growing trade area near Everett," says Paul Sleeth of Colliers International, who represted Metropolitan Life in the sale of the Safeway-anchored strip mall.