PHOENIX-Cavco Industries, a producer of manufactured homes, pays about $3.3 million in cash to get developable land for a 120,000-sf HQ and production facility for Cavco Specialty. A start date has yet to be set, but the plan is to occupy in 14 to 18 months.
SUGAR LAND, TX-Harry M. Green Interests will add a 157,000-sf, class A office building on 3.07 acres in Sugar Creek Center. Phase one, scheduled for completion in late 2006, will eventually be joined by two more buildings on Green's eight-acre balance.
SUGAR LAND, TX-Harry M. Green Interests will add a 157,000-sf, class A office building on 3.07 acres in Sugar Creek Center. Phase one, scheduled for completion in late 2006, will eventually be joined by two more buildings on Green's eight-acre balance.
PHOENIX-As part of a 1031 exchange, a private California investor has purchased the 50%-leased Security Title Business Center in an all-cash deal with 1031 exchange funds to help finance the takeover of the class B office building.
ANTHEM,AZ-DonMar Furnishings enters the northwest Valley with the purchase of a just-completed, 16,324-sf showroom/warehouse building. The class A build-to-suit, which rose for House of Furniture, sells for $2.02 million or $205,000 below the ask.
HOUSTON-The Marker Group extends its 10-year residency at 13105 Northwest Highway with a five-year lease for class B office space. The company shaves its space slightly as part of the negotiations.
MESA, AZ-The Saia Family LP acquires the acreage at a rock-bottom price of $3.75 per sf in an area where the going rate is $7.50 per sf to $11 per sf. The new owner has slated the land for a future retail and office development.
HOUSTON-Eastbourne Investments, Wellington Development and Fidelis pick up a second corner at the junction of FM 529 and Fry Road. With 52 acres now banked, the plan is to break ground sometime in 2006.
HOUSTON-Eastbourne Investments, Wellington Development and Fidelis pick up a second corner at the junction of FM 529 and Fry Road. With 52 acres now banked, the plan is to break ground sometime in 2006.
MESA, AZ-The Saia Family LP acquires the acreage at a rock-bottom price of $3.75 per sf in an area where the going rate is $7.50 per sf to $11 per sf. The new owner has slated the land for a future retail and office development.