David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
FOUNTAIN VALLEY, CA—The 6.5 acre site that includes a Curacao Department Store was acquired by Spirit Realty Capital, a publicly-traded Arizona REIT whose core business is single-tenant sale/leaseback.
NEW YORK—A new report by Cushman & Wakefield shows that Midtown Manhattan commanded $131 a square foot annually, and that most global markets are in growth mode.
DENVER—Priority Wife & Cable Inc. is taking more than 88,000 square feet in the Enterprise Business Center. Phase one of the industrial complex is nearly full.
SAO PAULO, Brazil—Upon completion of the $72 million transaction, Gazit Brasil will own 7 shopping centers with a total gross leasable area of nearly 1 million square-feet.
IRVINE CA—Transaction will allow Auction.com to accelerate its expansion into move-in ready real estate, and offer a consumer and broker-friendly online real estate platform.
SAN DIEGO—The downtown project includes 99 apartments, 5,644-square-feet of street-level commercial space, resident and guest parking spaces, and indoor and outdoor recreational amenities.
HUNTINGTON BEACH, CA—The triple-net-leased drugstore sold for $16 million, or $1,162 per square foot, both record prices for a Walgreen's drugstore sold in California.
SAN FRANCISCO—Chris Rivielle has succeeded John Wilson as the firm's president and CEO, and will be the first new recruit to take the helm of the construction firm.