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LONDON-The Mall Corporation, Capital & Regional and Morley Fund Management's specialist community shopping centre fund has paid Hermes pounds 49 million ($83 million) for the Marlands Shopping Centre in Southampton.
LONDON-Crown Estate, the company that owns and manages properties that used to below the monarch, has appointed a new development surveyor to manage its Regent Street estate in London.
FORT LAUDERDALE, FL-The wholly owned Tarragon Mortgage Co. LLC, based here, is providing mortgages to buyers at Tuscany on the Intracoastal, Tarragon's latest condominium project in Boynton Beach, as well as Las Olas Riverhouse, a new luxury high-rise condominium project in the city.
CHICAGO-Equity Office Properties Trust has seen tenant improvement and leasing costs jump 40% during the first nine months of 2003 compared to the same period in 2002, a trend that has to stop, president and CEO Richard Kincaid says.
TEWKSBURY, MA-Mills Corp.'s proposal for a one-million-sf retail-entertainment complex no longer includes a residential component. The shopping center developer dropped its plan to include 450 units of housing in the project.
ORLANDO-Harris Rosen, Florida's largest independent hotel owner with 10,000 rooms, tells GlobeSt.com he will be appealing an Orange County Circuit Court ruling which denied his claim for a lowered tax assessment on 230 strategically located acres in the area's tourist corridor.
GREENWOOD, IN-Quadrangle Development Co. of suburban Chicago is developing the expandable building on the I-65 distribution corridor southeast of Indianapolis. It is being designed to cater to third-party logistics companies.
ATLANTA-For the nine months ended Sept. 30, the locally based apartment REIT posted a net loss of $3.1 million, or a loss of eight cents per diluted share, compared to net income of $39.6 million, or $1.07 per share, for the comparable 2002 period.