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CHICAGO-Three consecutive quarters of net operating income growth of 6% or better, as well as a 22.1% jump in third-quarter funds from operations, allow the second-largest US retail REIT to boost its dividend by 25%.
IRVING, TX-Cousins Properties says the Las Colinas Urban Center, specifically its Millennium, is benefiting from a strategy to counter free rent in the marketplace. With a 39% overall vacancy, the submarket is being hyped to the utmost end.
SUNNYVALE, CA-The locally based chipmaker purchases a 168-acre campus in San Antonio, TX that includes a production-ready submicron 8-inch wafer fabrication facility.
MOUNT OLIVE, NJ-The chemical giant, which is looking to shed its 154-acre, five-building, one million-sf North American home base here, has hired C&W to move the property, and to find the company a new home in North Jersey.
PHOENIX-The promise of Central Phoenix's revitalization draws a slew of prospective buyers to the table for the 36-unit Central Palms Apartments near Downtown. The winner is a San Diego investor who comes within $500,000 of the ask.
CHANDLER, AZ-Next month, Isagenix, a nutritional and weight management firm, will pull up its Phoenix roots as part of a planned expansion to double in size by moving move into 60,000 sf of industrial space in Chandler's Price Road Corridor.
WASHINGTON, DC-Developers wrap up work on the 475,000-sf Terrell Place office and ground-level retail project. They spent $60 million to realize the project, which incorporates an historic structure with two new buildings.