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BENSENVILLE, IL-US Cellular is on a long-term lease at the 86,080-sf 1101-71 Tower Lane, where it has an operations and data center. Indianapolis-based HDG Mansur Investment Services pays $163 per sf for the asset.
LONDON-Brascan Corporation is at the centre of speculation that it is set to make a hostile bid for Canary Wharf after the Canadian conglomerate secured further shareholder support for its offer.
DALLAS-Steve Hefner will steer the GE Capital platform for Cencor Realty in a bid to buy $100 million of Texas retail product in 2004. Other new hires and shifts take place at Hillwood Properties, GLV Realty Advisors and the Staubach Co.
REVERE, MA-The city's property that overlooks the beach will not be home to a hotel, like the city originally wanted, but it will get a new lease on life as an office and retail building. Two local developers won the city's bid.
HOUSTON-A software development firm that targets health clubs bumps the bottom line to 9,510 sf at 1100 NASA Rd. The tenant's broker says the decision to stay is due to the building sign and a full-floor takeover.
NORTHBROOK, IL-Morton Grove-based plastic model kit maker Revell Monogram pays $8 million for the 188,000-sf building at 725 Landwehr Rd., while $4.8 million takes the 150,000-sf Willow Hill Executive Center in neighboring Northfield.
HOUSTON-Four buildings in Sugar Land Business Park, two multifamily properties and a church were damaged and 16 people injured as yesterday's tornadoes cut through the southwest and southeast submarkets.
NEWARK-The on-again, off-again proposal to turn 13 Downtown acres into an "urban neighborhood" is apparently on track again, although there is still opposition related to displacement of existing residents and businesses.
MINNEAPOLIS-The founder of Paramount Real Estate Corp. represents the best of his profession, according to the Minnesota Commercial Association of Realtors.