DENVER-The consolidation of the Rocky Mountain News and Denver Post under one roof could result in the largest Downtown office lease in about a decade. Options include the new Legacy Plaza or Denver Post Tower, which is owned by Equity Office Properties Trust.
OAKLAND, CA-OBRA, the company converting the former Oakland Army Base in Oakland for commercial use, subleases two warehouse spaces to Bay Area companies.
OXNARD, CA-AstroCosmos Metallurgical has signed a 10-year lease valued at $3.9 million. The company will be expanding its headquarters into a 70,000-sf facility here.
HOUSTON-TradeSpark moves into 18,748 sf at 1301 Fannin, a class A CBD property that's now 90% occupied. The tenant is an energy brokerage consortium with Cantor Fitzgerald as a lead player. In light of 9/11, it was decided to expand locally.
ALBUQUERQUE-Occupancy stands at 92.4% in a city with 16,825 units in 68 properties. It's a 0.6% drop from fourth quarter 2001 and 1.7% under last year's first quarter total. The slight decline could stall permitting, says RealFacts.
SAN FRANCISCO-The vacancy rate of small spaces in San Francisco has dropped 1.5% since February. Real estate expert Hans Hansson sees this as a potential window of opportunity for landlords to divide larger spaces in the future.
SHOREVIEW, MN-Shoreview Village Mall's owner hires Minneapolis artist Aldo Moroni to paint murals at the 20-year-old retail center and anchors it with a health food store, gift shop and pharmacy.
LOS ANGELES-The local office of Interior Architects, one of the largest interior design firms in the world, signs a 10-year lease at the same site but on a different floor. The transaction is valued in excess of $3 million.
LOS ANGELES-Qantas Airways, the airline company servicing the South Pacific, relocates its headquarters for the Americas/Pacific region. The company signs a seven-year lease deal in Howard Hughes Center
BURNSVILLE, MN-The privately-owned value chain based in Plymouth, MN, has grown to 15 stores. A new store opens here and in Detroit Lakes, MN as well as Fargo, ND.