MESA, AZ-A Beverly Hills, CA, investor makes his second multifamily purchase in the Valley by paying $5.8 million for the 124-unit Brookfield Apartments at 12021 N. 43rd Ave. The 20-year-old complex is 95% occupied.
HOUSTON-Woodrock & Co. signs a long-term lease with BMS Management to expand an office in the Whitney Bank Building at 4265 San Felipe St. The boutique investment firm cuts a direct deal for 5,000 sf of former sublease space and adds an abutting 2,294 sf.
SCOTTSDALE, AZ-Minneapolis-based Ryan Cos. plans to break ground in the coming weeks on the 136,291-sf Desert Ridge Corporate Center I, the first of three spec office buildings planned for the northwest corner of Tatum Boulevard and Loop 101.
HOUSTON-Hughes, Watters & Askanase, signing a long-term lease, will relocate in mid-January from a 20-year address in Wedge International Tower to Three Allen Center. The class A space will get a major facelift so it suits a law firm's image.
SCOTTSDALE, AZ-Market Street at DC Ranch nears 100% occupancy for the office portion and 90% occupancy for the retail component, lining up another 22 tenants for the development. Doors will swing open through first quarter 2005.
SCOTTSDALE, AZ-Citation Publishing Inc. of Aliso Viejo, CA, plans to expand its operating facility at 5111 N. Scottsdale Rd. from 5,000 sf to 6,750 sf after being a tenant for the past three years in the class B building.
HOUSTON-GCA Services Group rolls several locations in the region into 16,033 sf of class A space at Millennium Tower. The firm signs a long-term lease to push the high-rise to 97% occupancy.
STAFFORD, TX-Emerson Process Management brings several offices together at 12603 Southwest Freeway, where it expanded a 12,000-sf office in the class B building to accommodate the consolidation.
PHOENIX-Scottsdale Investment Management sells the 178,948-sf office complex to Austin, TX-based Falcon Southwest Development Co., which intends to pump $1 million into upgrades. The seller reportedly paid $20 million for the asset in 1999.