South Bay Realestate News - Facility Closures and Layoffs

April 22nd, 2008 04:00am

Facility Closures and Layoffs (April 13-19)
This article is excerpted from Watch List, a weekly column of market conditions, company expansions and contractions and real estate investment opportunities.The following future closings and permanent mass layoffs were reported in California.-…

Under Contract (April 13-19)
Cornerstone Core Properties REIT Inc. agreed to purchase Monroe North CommerCenter, an existing multi-tenant industrial property, from Realvest-Monroe Commercenter LLC for $15.2 million. The property consists of 181,300 square feet of leaseable space…

BioMed Realty Signs 2nd Major Tenant at Former Sun Microsystems Campus
The developer of a topical cream for cosmetic use similar to Botox has signed a lease for more than 90,000 square feet at BioMed Realty Trust, Inc.’s repositioned Pacific Research Center campus in Newark, CA.Revance is a specialty pharmaceutical company…

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