Leasing

Time Equities has reshuffled its staff to triage the asset management side of its business.

Also, 13% of respondents noted they had already made cost reductions in real estate expenses, with another 9% planning to take actions in this area in the coming months.

The property, originally built for Continental Can Company, is currently 70% leased to more than 20 tenants. No financial terms of the transaction were disclosed. Senior mortgage financing was provided by AmeriServ Financial.

Somple, Perkins and Allessio represented Spartech in the sale of the property to The Stro Companies in June 2019 of 211 South Newman St. and the adjacent 65,677-square-foot industrial building at 215 South Newman Street.

As more information is learned about the COVID-19 virus, plans and procedures must be regularly updated.

Triune Centre is the first office development in the United States to feature an automated valet parking garage with a fully automated robotic palleted vehicle handling system.

Mohr Capital has acquired a property for retail redevelopment in The Woodlands with a plan to raze the 7 Leguas Restaurant building and develop a freestanding Chipotle and Regions Bank branch.

KAR Properties is monitoring all data in regards to the unraveling of some of the sectors of the economy and the reaction to the coronavirus pandemic, also known as COVID-19, and its tenants in the ability to honor lease agreements and meet rental payment guidelines.