PHOENIX-The US Fish and Wildlife Service holds tight to the office size and location with a five-year renewal of flex space at 2321 W. Royal Palm Rd. The deal has a payout value of roughly $1 million to building owner, Business Properties of Irvine, CA.
PHOENIX-With plans of building a 30,000-sf distribution facility, Southwest Post-Tension, a Las Vegas-based concrete fabricator, grabs the southeast corner of 39th Avenue and Adams Street in the Rey West Commerce Center.
HOUSTON-Construction near the Port of Houston accounts for 2.2 million sf of the 2.5 million sf rising in market-wide. The momentum comes from developers looking to strengthen their position in the midst of a $1.2-billion port expansion plan.
PHOENIX-Work has begun on a $7.5-million makeover of the three-building, 186,000-sf West Air Cargo Facility at Sky Harbor International Airport. The structures will stay open during the rehab, which includes partial demolition to make way for a new taxiway.
PHOENIX-Carlson Real Estate Co. partners with Elmalon Partners to develop the 31-acre West 101 Commerce Center. In striking the deal, Carlson buys 10 acres to build 118,000 sf in three flex office buildings plus takes a 60% stake in the balance of the land.
HOUSTON-American Spectrum Realty Inc. gets an 81,587-sf structure at 11500 Northwest Freeway from Boxer Property Management Corp. The $5.9-million acquisition, now 89% leased, will be rehabbed.
HOUSTON-Weingarten Realty Investors says it sell at least $60 million of assets in the next 15 months. The assets are either too small or too geographically removed from the rest of the REIT's holdings to hold onto them.
HOUSTON-Weingarten Realty Investors says it will sell at least $60 million of assets in the next 15 months. The assets are either too small or too geographically removed from the rest of the REIT's holdings to hold onto them.
TEMPE, AZ-LGE Design Build and Biltmore Holdings team to build a 63,120-sf office/warehouse condo project on a 4.7-acre infill site along University Drive. The four-building project has an estimated for-sale value of $9.5 million.