NEW YORK-A Cushman & Wakefield analysis of 33 markets along the southern coastline finds economic indicators such as industrial production and employment trends rising in sharp contrast to other regions of the country.
REDMOND, WA-Universal Avionics sells its two-story office-flex building in Quadrant's Willows Corporate Park to Mastro Properties for $6.1 million and leases it back on a short-term basis.
PORTLAND-The locally based manufacturer of corporate and collegiate apparel pays Neil Arntson $1.7 million for Albina Fuel's 44,000-sf distribution building at NE 44th and Interstate 84.
SAN MATEO, CA-Vacancy rose from 29.3% to 29.5% during the third quarter on 41,020 sf of negative net absorption. Year-to-date, the market has given back about 283,000 sf.
CHARLOTTE, NC-Equity Office Properties Trust sells the 32-story class A office building for $60.5 million to a fund managed by UBS Realty Investors LLC, the property investment arm of Switzerland's global financial services giant. The building is 85% leased by Duke Energy.
MAMMOTH LAKES, CA-With strong sales to date, the Vancouver, BC-based resort developer and operator begins the third phase of The Village at Mammoth, the mixed-use anchor of Project Sierra, a 10-year, billion-dollar resort community on 250 acres at the base of Mammoth Mountain.
PARIS-In a lease that will generate an initial income of $2.5 million annually, the public body responsible for the French motorway signs a nine-year agreement for two-and-a-half floors at 148 rue de l'Universiti in Paris from building owner Hammerson plc.
SEATTLE-Madonna Properties LLC, typically an apartment investor, pays $1.1 million for a 21,200-sf former fish plant on East Marginal Way with a 10-year master lease in place.
BIRMINGHAM, AL-The New York City-based buyer of government-leased facilities pays $8.4 million plus closing costs for a 53,000-sf building here leased to the US Attorney General for the next 8.5 years.
DAYTON, OH- Glimcher Realty Trust of Columbus, OH closes a new permanent mortgage for the Mall at Fairfield Commons here. The loan replaces variable rate debt that was scheduled to mature in the next 15 months.