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CHICAGO-"The threat of Wal-Mart to certain grocery chains is under-appreciated by much of the real estate community," says Principal Real Estate Investors president and CIO Randall C. Mundt.
LONDON-Wal-Mart has won planning consent for its biggest-ever supercentre in the UK. Milton Keynes Council has given the store the green light as part of the development of a new stadium for the Wimbledon FC soccer franchise which has relocated to the town.
LONDON-Sydney & London Properties has bought a 793,000-sf distribution unit on a greenfield site near Doncaster for pounds 40 million ($70 million) from the developer Scarborough Property Group.
Net-Leased Investments Help Drive 1031 Exchange Market The real estate investment industry fared well in 2003, including the net lease market. All indications…
CHICAGO-A 230-unit residential development, an industrial project and another residential plan have been pitched for a 57.8-acre tax increment financing area near the intersection of 105th Street and Vincennes Avenue since 1997.
SAN DIEGO COUNTY, CA-San Diego County's level of employment is on the rise, according to new research by the State of California Employment Development Department that reports an unemployment rate of 4% for the month of November.
MIAMI-The 326-unit, class A luxury rental community here sold for $109,018 per unit with a 6.24% capitalization rate. The property, 95% occupied at press time, is considered a good condominium-conversion candidate.
GERMANTOWN, MD-Leasing activity at the 36-acre Milestone Business Park now falls to Transwestern Commercial Services, as the real estate services firm takes over the reigns from CB Richard Ellis.