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Business Expansions, Relocations (March 31-April 5)
From: www.costar.com
"Aetna Life Insurance Co. signed a seven-year lease for 41,766 square feet at 3 Independence Way in South Brunswick, NJ. Aetna will occupy space on the third and fourth floors. Jonathan Meisel of Jones Lang LaSalle represented Aetna in the lease, while..."
Under Contract (March 31- April 5)
From: www.costar.com
"Hines REIT Properties contracted to acquire Williams Tower, a 65-story office building with an adjacent parking garage located in the Galleria/West Loop submarket of Houston, TX, from Transco Tower Ltd. The deal also includes a 47.8% undivided interest..."
Centex To Sell Land to RSF Partners
From: www.costar.com
"A fund under management by Dallas-based RSF Partners has teamed with funds managed by San Francisco-based Farallon Capital Management LLC and Greenfield Partners LLC of South Norwalk, CT, to create a land development joint venture to purchase properties..."
Group Sells The Shops on Anaheim for $3.65M
From: www.costar.com
"Private investors sold The Shops on Anaheim, a 7,179-square-foot retail building at 425-437 W. Anaheim St. in Anaheim, CA, sold to Michelle Kim of Y & K Super Bee LLC. Total consideration for the sale was $3.65 million, or about $508.50 per square foot..."
Neutrogena Leases 57,000 SF in L.A.
From: www.costar.com
"Neutrogena Corp. executed a deal to lease space at 5651 W. 96th St. in Los Angeles. The deal, which runs for 12 months, will see the firm occupy approximately 57,005 square feet in the Westside Industrial submarket.
Completed in 1955 then renovated..."
Investor Sells Auto Lot Sells in Gardena
From: www.costar.com
"LowCost Auto LLC purchased a retail building at 14720 Main St. in Gardena, CA. Ivars and Zenobia Valdry sold the 2,363-square-foot property for $2.6 million, or about $1,100.50 per square foot. Included in the sale was approximately 2.2637 acres of adjacent..."
CoStar's Daily Deals of Note for Wednesday
From: www.costar.com
"NATIONAL MARKETS
Blackstone Closes Oppty. Fund With Record $10.9 Bil.
by Randy Drummer
The Blackstone Group L.P. (NYSE: BX), moving to take advantage of falling prices in the troubled real estate market, has closed its Blackstone Real Estate Partners..."
Colliers Los Angeles Brings On Retail Team from Grubb & Ellis
From: www.costar.com
"The Los Angeles office of Colliers International has brought on a new team specializing in retail leasing and development.
Max Franco, senior vice president, leads the team and is joined by Lauren McCullen, associate, and Sandra Ledesma, marketing..."
Bond Cos. Promotes Bachli to Principal
From: www.costar.com
"Mark Bachli, SVP of project management for Bond Companies, has been named a principal of the commercial real estate development and investment company.
Bachli has been with Bond since 2002 and has been responsible for the management of developments..."
Church Buys Santa Monica Office Bldg. for $652.50 PSF
From: www.costar.com
"St. Peter and St. Paul Coptic Orthodox Church purchased 1237 Fourth St. in Santa Monica, CA from Ideal Properties LLC. The property sold for $4.33 million, or about $652.50 per square foot.
The buyer plans to occupy the building. The broker reported..."
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