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CLERMONT, FL-Lake County plans to close a deal next week for 20 acres at $2.2 million, or about $2.53 per sf, in one of the most land-expensive areas of the county near the new South Lake Hospital. The county is buying the land from the hospital.
PHOENIX - Despite decades high vacancies in both the apartment and office sectors, the city moved up four places in the rankings on an emerging trends report compiled by the Urban Land Institute and PricewaterhouseCoopers.
HAGERSTOWN, MD-Workers begin to toil away at building FedEx Ground's 335,000-sf distribution facility at Hunter's Green Business Center II. The Mid-Atlantic hub will sit on a 114-acre parcel and be home to 400 employees.
WEST CONSHOHOCKEN, PA-With a one-year loan, the REIT pays $21.5 million for a 677,548-sf distribution center in Harrisburg. Meanwhile, it completes a public offering to raise $78 million to fund future acquisitions.
NORWOOD, MA-More than two years after Polaroid sold its 56-acre campus here to the Davis Cos. for $70 million, the company sells its 131-acre site at 1 Upland Rd. to the Campanelli Cos., in a joint venture, for $17.3 million.
JERSEY CITY, NJ-The company, which has developed several adjacent office buildings on this city's waterfront, is said to be paying $24 million for the historic, early 1900's office tower.
PORTLAND-In its third new hire in recent months, the locally based real estate merchant banker and development advisory hires Stephen Wong, a longtime acquisitions officer for LaSalle Investment Management who has spent the last two years doing the same for Harsch Investment Properties.
SAN DIEGO-The shopping center REIT announces that its total funds from operations increased to $35.3 million for third quarter 2003. This figure reflects a 36.7% jump from the same period last year.
WALNUT, CA-The Walnut Heights apartment complex, which sells for $24.3 million, is part of a Bascom portfolio valued at $163 million that is on the market.