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LONDON-The Anchorage, a 25,000-sf, five-storey office building on Bridge Street, Reading, Berkshire is now fully occupied after Willis Group sub-let 10,000 sf in two separate transactions.
GLEN BURNIE, MD-The Quarterfield Crossing apartment complex sells for $11.5 million. Having purchased the 203-unit property for $5 million and investing $2 million in upgrades, Harbor Group International turns a profit of $4.5 million.
CLEAR LAKE, TX-More than half of the developable 110 acres will be used for industrial projects, with a Houston couple buying out Cemax Foundation's land along West Bay Road and Spur 55.
SCOTTSDALE, AZ-The proposal targets Coronado Golf Course as the next spring training facility for the Giants and Scottsdale Charros. The city owns 36 of 44 acres, but is negotiating a buyout of the balance for $1 million.
SAN FRANCISCO-Despite tougher underwriting requirements, banks foresee their commercial real estate lending volumes either remaining level or rising through the rest of the year, according to a just-released survey.
CHICAGO-Rather than assume a $766-million first mortgage held by MetLife to its balance sheet, Trizec Properties Inc. settles for $9 million for its second mortgage and equity position in the tallest building in North America, which it will continue to manage.
SCOTTSDALE, AZ-The proposal targets Coronado Golf Course as the next spring training facility for the Giants and Scottsdale Charros. The city owns 36 of 44 acres, but is negotiating a buyout of the balance for $1 million.
SALEM, OR-The 1% tax is expected to generate $7 million a year, the vast majority of which is required to be spent on projects aimed at boosting tourism, such as marketing campaigns.