SCOTTSDALE, AZ-The unlucky fortunes of the closed-down Lucky 7 Bar and Nightclub have taken a turn for the better with the purchase of the property by a Southern California couple, who plan to reopen a location close to the proposed W Hotel.
HOUSTON-HealthSouth Corp., a physical rehabilitation facility, decides to hold firm to a 2,460-sf spot in Kingwood Shopping Center. Recent activity in the 25-year-old center has pushed occupancy to 82%.
HOUSTON-Cigna and Dividend Capital Trust Inc. work out a deal for the Gateway at Central Green, a multi-tenant asset in a local business park. The deal closes for north of the appraised value of $6.06 million.
HOUSTON-Cigna and Dividend Capital Trust Inc. work out a deal for the Gateway at Central Green, a multi-tenant asset in a local business park. The deal closes for north of the appraised value of $6.06 million.
PHOENIX-A partnership from Tarzana, CA puts up $4.2 million for a single-tenant industrial property that on the market for a handful of months due to an existing loan with a high interest rate and a tenant with a short lease.
ROMEO, MI-Cammand Machining, a company specializing in stamping dies and plastic injection molds for the auto and medical industries, takes possession of a 14,400-sf built-to-suit developed by Shafter Builders.
PHOENIX-A local investor and business owner has acquired a 13,100-sf building from a California couple that exited the market with the sale. The 64%-leased building does a six-month run on the market due to an existing loan.
WATERFORD, MI-Two locally based investment corporations have negotiated a sale of a two-building, light-industrial property for $1.61 million in an off-market transaction.
HOUSTON-BMC West Corp., a Boise, ID-based manufacturer of plumbing supplies and doors, signs a three-year pact for a freestanding office/warehouse to get showroom and storage space. The firm also occupies 300,000 sf of manufacturing space in the region.