Industrial

BOSTON-The neighborhood of Brookline here in the city is suddenly faced with the possibility of being able to develop ten surplus acres owned by the state. The town has yet to decide what to do but it is its first significant development opportunity in years.

HOUSTON-Two down, one more to go in public input sessions in Galveston, where officials are weighing a port merger with the Port of Houston. Galveston is the only required voting entity that has not OK'd the merger plan.

HOUSTON-Marcus & Millichap is predicting another 5% hike in flex office rents by year's end. Investor interest is strong, fueled by a hardy local economy, a brisk energy industry and lower borrowing rates.

SAN ANTONIO-Two industrial companies are on the move in San Antonio. Gerloff has temporarily signed for three-fourths of a spec project while crews complete a facility at its home base. Meanwhile, Klinger has downsized to meet a changing business model.

BREMERTON,WA-Plans to develop a high-tech business park west of Kitsap Lake are moving forward, after legal challenges posed by two citizen groups have been dropped.

HOUSTON-A Houston investor has taken the title to a 45,000-sf warehouse along S. Interstate 35 in a deal brokered by NAI Partners Commercial and Southwest Realty Advisors. The property had carried a $650,000 asking price.

ORANGE COUNTY, CA-As the lack of new construction keeps demand for industrial product high in Orange County, the region's industrial market has remained fairly stable, according to a recently released report by Voit Commercial Brokerage.

CHICAGO-Commercial real estate developer and investor Jupiter Realty Corp. buys four South Carolina warehouses with 510,400 sf from Duke-Weeks Realty Trust. The properties are in an industrial park 10 miles west of Spartanburg.