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Business Expansions, Relocations (May 4-10)
From: www.costar.com
"ALMO Distributing Wisconsin leased 107,505 square feet at 7515 N. 81st St. in Milwaukee, WI. It will move from its current site at 4200 N. Port Washington Road this month. Tom Shepherd of Inland Cos. represented Centerpoint Properties. Jim Young of Colliers..."
Under Contract (May 4-10)
From: www.costar.com
"Winthrop Realty Trust announced that the condition to transferring the property at 600 W. Jackson St. in Chicago, IL, a property in its Marc Realty portfolio, has been satisfied and that the sale of the property is expected to occur within the next 90..."
Studley Taps Hanke as Managing Director
From: www.costar.com
"International tenant advisory firm Studley named Eric Hanke, formerly chief investment officer at BellaVista Capital, managing director of its national Structured Finance Group (SFG).
Established in 2006, SFG provides a comprehensive range of services..."
CoStar's Daily Deals of Note for Wednesday
From: www.costar.com
"MANHATTAN
Newsweek Heading to Lower Manhattan
by Timothy Houseal
Newsweek has reached an agreement to move its New York City operations from 1775 Broadway in midtown to 395 Hudson St., where it will occupy about 165,000 square feet.
The 15-year..."
Investor Trades Van Nuys Industrials for $3.2M
From: www.costar.com
"Lieser Holdings LP sold two industrial buildings totaling 54,810 square feet at 14558 and 14620 Keswick Street in Van Nuys, CA, to 14620 Keswick LLC. Total consideration for the sale was $3.2 million, or approximately $58 per square foot.
The buyer..."
Flex Bldg. in Chatsworth Sells for $6.8 Million
From: www.costar.com
"Daryl Parker of Parker Industrial Properties sold the flex property at 20630 Nordhoff St. in Chatsworth, CA, to 20630 Nordhoff LLC. Total consideration for the sale was $6.8 million, or about $134.50 per square foot.
The buyer will occupy the 50,620..."
CoStar Salutes 2007 Los Angeles CoStar Power Broker Award Winners
From: www.costar.com
"This week, CoStar announced the winners of the 2007 CoStar Power Broker Awards, recognizing the achievement of top brokerage firms and individual brokers who closed the highest transaction volume in commercial property sales and leases in 2007.
Now..."
CoStar's Retail News Roundup: May 4 to 10, 2008
From: www.costar.com
"This week in the Retail Roundup, CoStar reports on expansions or new concepts at Kohl's and Steve & Barry's; new retail developments in NY, MI, CA, FL, and TX; acquisition, merger, loan or sale activity at Hanley Investment Group, Centro Properties Group..."
Cafe Owner Buys W. Sunset Bldg. for $1,090+ PSF
From: www.costar.com
"Fabio Conti, owner of The Fabiolus Cafe, an existing tenant, purchased 6266-6270 W. Sunset Blvd. in Los Angeles. Mohammad R. Vafaie Family Trust sold the three-tenant restaurant building for $4.5 million, or approximately $1,090.50 per square foot.
The..."
Sears Buys K-Mart Bldg. in Santa Paula for $7.4M
From: www.costar.com
"Sears Holdings Corp. purchased 895 Faulkner Road in Santa Paula, CA, from REDAFCO for $7.4 million, or about $104 per square foot.
The 71,254-square-foot retail building was constructed in 1991 on a 5.11-acre parcel. The single-story single-tenant..."
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