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BETHLEHEM, PA-In July 2002, the real estate developer targeted $100 million toward acquisition of up to 2.5-million sf within 18 to 24 months. With the purchase of 2000 City Line Rd. here its portfolio exceeds that goal.
BALTIMORE-Everything old is new again Downtown with official completion of the Munsey, a 146-unit luxury apartment, that previously served as an office building since its original incarnation in 1918.
NEW YORK CITY-Corporate headquarters space for tobacco giant Phillip Morris is in the process of being relocated from 120 Park Ave. here to Richmond, VA. It is expected to be completed by June 2004.
LONDON-Two warehouse units at Brixton's Ventura Park in Radlett, Hertfordshire, have been let to DIY retailer B&Q for pounds 1.033 million ($1.77 million) per annum.
LONDON-Office rents in the Thames Valley west of London could fall by another 15% over the next six months, according to new research from Rogers Chapman.
LONDON-The Scottish Executive has cleared the way for Wilson Bowden's plans to create a new town at Revenscraig, south of Glasgow with 3,500 new homes and 3 million sf of commercial space.
LONDON-The Scottish Executive has cleared the way for Wilson Bowden's plans to create a new town at Revenscraig, south of Glasgow with 3,500 new homes and 3 million sf of commercial space.
LONDON-Multi-let office building Grosvenor House, Croydon, has been sold for pounds 8.43 ($13.65) million to an owner-occupier following three years of refurbishment work.
DETROIT-Work could begin by the end of the year on two new permanent casinos with attached hotels in the city, now that a key legal hurdle has been cleared. The projects are expected to be complete before the city hosts the Super Bowl in 2006.
DENVER-Two brokers who compile sales research discover that the average price of a local condominium falls in November. This is in comparison to last month when condo prices rose, while at the same time single-family homes experienced the opposite result.