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MINNEAPOLIS-Apogee will now focus on its commercial real estate construction business, for which it is a major supplier of walls and windows. Harmon has about 400 stores around the country.
CHICAGO-The two-acre site between Presidential Towers and the Kennedy Expressway will sell for more than $4 million above its appraised value. The developers may kick in another $4 million if the city approves a one-million-sf mixed-use project.
CHICAGO-A 73-unit rental building at 4520 N. Clarendon Ave. in the relatively tight Uptown submarket is refinanced by PW Funding Inc. at a 4.85% interest rate, while Paragon Real Estate Equity and Investment Trust pays a 5.87% rate in its refinancing of Richton Trail Apartments in far south suburban Richton Park.
LONDON-Regional development agency Yorkshire Forward has selected St James Securities and Sterling Capitol as the developers of a pounds 240 million ($400 million) business park in Goole, Yorkshire.
RIVERSIDE, CA-A $73-million sale here and a $47.6-million transaction in Anaheim Hills rank among the largest Inland Empire and Orange County apartment sales this year.
DENVER-East West Partners, developer of the $1 billion mixed-use Riverfront Park, plans to build the first brownstone community built in the city in more than 100 years. The units will also represent the most expensive new housing under construction in town.
PORTLAND-Robert and Julie McGill of McGill Properties LLC sell a two-building, 19-unit apartment building on Northwest 123rd Avenue to William DeBellis for $1.1 million.
LONDON-Welwyn Hatfield District Council has granted healthcare company Roche planning permission for a new 235,000-sf UK head office at Shire Park, Welwyn Garden City, Hertfordshire.
DALLAS-The REIT says little about the plays to come, but basks in the sunshine since its IPO launch about two months ago with $218 million in equity to spend on hotel purchases. Dividends could start rolling by second quarter 2004.