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LONDON- Abbey National Asset Managers, on behalf of Scottish Mutual Assurance, has sold the 51,800-sf Ferguson House, 15-17 Marylebone Road, London W1 to a private UK investor for pounds 27.35 million ($45 million) to show a yield of about 6.4%.
PHOENIX-A 1031 Exchange buyer from Phoenix wins the face-off for the 40th Street Medical Plaza, situated across the street from Paradise Valley Hospital in one of Phoenix's most explosive growth areas.
DALLAS-The region's only foreclosure market watcher says the increased numbers are no real cause for alarm because the properties are not the cream of the crop in the five county-region. Still, the year-to-date analysis is 25% higher than last year's total.
FORT LAUDERDALE, FL-The firm, which recently finished more than $20 million in projects at Holy Cross Hospital here, now is building out two cardiac catheterization labs at the hospital's Jim Moran Heart & Vascular Center.
SCRANTON, PA-Just prior to closing on the purchase of the 151,100-sf property in the Mid-Valley Industrial Park here for about $10.59 per sf, Equilibrium Equities leases 68% of it to a third-party logistics company.
DEARBORN, MI-A $12.8 million effort has begun to build a national museum here celebrating the heritage of Arab Americans. Roughly a third of Dearborn's 100,000 or so residents are of Arab heritage.
HOUSTON-A startup import company and a Los Angeles-based courier service will be setting up shop in 5,265 sf and 3,976 sf, respectively, in Vantage Cos.' buildings in the southwest and northwest submarkets.
LONDON-Gazeley, the property development arm of Asda Wal-Mart, has let 45,335 sf in three separate deals at Caxton Court, its 81,215-sf speculatively built warehouse scheme in Caxton Way, Watford, Hertfordshire.