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NEWARK-New York-based developer will convert former Krementz building into the city's third carrier facility. The two-story, bunker-style building has been vacant for three years.
NEW YORK CITY-As leader of Reckson and FrontLine, Scott Rechler has his hands full these days. He lays bear the debt situation and the change in strategy.
ORANGE COUNTY, CA-Precision Direct is expanding its operations from a facility in the Irvine Aiport area with the leasing of a larger industrial space in the Irvine Spectrum.
EAST FISHKILL, NY-Several weeks after announcing it would build a $2.5 billion semiconductor chip plant in East Fishkill, IBM reports it will construct a $300-million organic chip packaging manufacturing facility.
CHARLOTTE, NC-Jackson Tube Service Inc., an Ohio-based steel tubing manufacturer, has selected the Queen City to set up a 58,000-sf plant. The company bought an existing building plus 19 acres for $3.6 million or about $62 per sf.
AUSTIN-An employee of Chase Manhattan Bank in Austin shifts affiliation, heading to Trammell Crow Co. to manage its Austin industrial portfolio. The new hire had been overseeing a 100-property portfolio for Chase Manhattan.
PALO ALTO-A religious organization has received a $4 million pledge toward the purchase of the complex, but needs close to $7 million in order to outbid an investment partnership that wants to raze the structure and build condominiums.