SACRAMENTO-Four companies have agreed to lease space at the former air force base in Sacramento. The leases, which still need final approval from the county Board of Supervisors, total about 100,000 sf.
SACRAMENTO, CA-Among other promotions and additions, Bruce Hester, recognized for completing at least $225,000 worth of apartment transactions in each of the past three years, has been promoted to senior vice president.
OAKLAND, CA-Keith Mackenzie is the new managing director and senior vice president for Grubb & Ellis' new Oakland office, responsible for adding staff and beefing up the company's East Bay portfolio.
ROSEVILLE, CA-A 150,000-sf industrial project and two smaller retail projects are in the works here by Patterson Properties Inc. Plans for the Fairway Plaza project include fast-food restaurants for the northwest corner of Stanford Road and Fairway Drive.
SAN FRANCISCO-Two local development companies have submitted preliminary proposals to the city in hope of developing this city's 403-acre Treasure Island. Both companies plan to transform the former military base into a hub of retail, residential and entertainment activity.
SAN FRANCISCO-Locally based AMB Property Corp. enters into a partnership with the City and County of San Francisco Employees' Retirement System that will acquire, develop and redevelop distribution facilities nationwide.
WALNUT CREEK, CA-The discount book retailer is closing 28 stores nationwide following this week's filing for protection under Chapter 11 of the U.S. Bankruptcy Code thanks to a floundering holiday season and a generally poor retail environment.
SAN PABLO, CA-Local developer Signature Properties is considering acquisition of the 38-acre El Portal retail shopping center, a 450,000-sf, 1970s-era complex that is 60% leased and ripe for redevelopment.
PIEDMONT, CA-A locally based developer has suggested to the city council that the former PG&E substation site on Linda Avenue be converted into a variety of low-cost housing units.