PHOENIX-Tomorrow, American Express Mailing Services gets the keys to 11,951 sf in the Valley North Business Park in Phoenix's northwest submarket. Mariash Corp. and Schroeder Group II LLC of Scottsdale are the park owners.
PHOENIX-The Dermal Group picks an office location in Scottsdale's Highland Park for its 10th US location, one of two new International Dermal Institutes that will open this spring. The center offers post-graduate education for skin-care professionals.
PHOENIX-Net absorption was positive in the first quarter of the year, due particularly to new large leases signed by the likes of Target and Ford. But new construction and sublease space still on the market have caused the vacancy rate to rise.
HOUSTON-The buyers of the raw land are planning future retail, office or mixed-use development. The largest tract, 15 acres, is targeted for a retail center at the intersection of Spring Cypress Road and Texas 249.
SHARYLAND, TX-The deal signed by Utility Data Resources Inc. and Sharyland Utilities allows free access to metering information to 100% of Sharyland's commercial and residential customers. It's a first in the nation, say the participants.
HOUSTON-Armed with a new lease, Initiatives for Children expands its office capacity by 4,522 sf for a grand total of 13,559 sf. The new deal keeps the organization in place for the long term at 850 Katy Freeway.
CEDAR CITY, UT-Owned and operated by the Church Family Trust, the 52-room prototype will be positioned along Interstate 15 between Salt Lake City and Las Vegas. It's the Hampton amenities, but at a lower cost for the developer.
HOUSTON-Tietronix Software is relocating its corporate headquarters to a larger spot in the NASA/Clear Lake area while Damon Disposal, a startup, is taking a three-building industrial complex for five years.
PHOENIX-Metro sellers have hawked a 34,405-sf retail center, 6,725-sf restaurant and 128-space mobile home and RV park, raking in a combined $7.4 million plus for the holdings in Mesa, Phoenix and Tucson.
LAS VEGAS-After having problems with its original construction financing on the project, MPTV is working with new lender PacEquities.com, for a larger loan and possibly financing for all three phases.