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GRAND JUNCTION, CO-The sale of this property will eventually result in the exchange of the site to Hanson Equipment Co., an over-the-road truck service.
MIAMI-Conmir Investments Inc. paid $65 per sf, $5 to $7 per sf above two recent comps, for the approximately six-year-old building here. Conmir Investments is an investor-user in the food industry.
ORLANDO-Despite vacancies in some submarkets that top 30% in bulk, flex and manufacturing space, long-term lease deals or major build-to-suit projects are on the fourth-quarter horizon, says Lisa M. DeVore, research director, Advantis Commercial Real Estate Services.
BLOOMINGTON, MN-Applewood Pointe would include a new 72,000-sf Cub Foods store to replace an existing one, an 11,000-sf retail building and 125 units of residential complex.
CHICAGO-Lack of development business in those two markets drive the decisions to close operations there, explains president and CEO James H. Purinton, adding he foresees no additional closings by ORIX Real Estate Equities.
REDMOND, WA-In a settlement with the state of California related to deceptive sales practices, the world's third largest timeshare operator is ordered to pay $4.3 million in restitution, penalties and reimbursement for fees and costs.
REDWOOD CITY, CA-Brad Blake and Jerry Hunt of Blake Hunt Ventures and David Irmer of the Innisfree Cos. are jointly developing an 189,000-sf Downtown complex here on top of a city-owned underground parking garage.