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SOUTHFIELD, MI-Grubb & Ellis sells two sites--one that will be used by a heating and cooling contractor and the other for the location of a new bowling alley.
CHICAGO-The city's department of planning and development has set a target price of $920,000 for an 8,744-sf vacant lot at 2041-47 W. Division St., a block west of Damen Avenue.
SEATTLE-The Pasadena, CA-based REIT isn't saying anything public at this time, but it has received a Master Use Permit to replace a 55,000-sf building on its Fist Hill Campus with a 10-story, $25-million research and development lab.
LAS COLINAS, TX-The home mortgage company will set up a 500-employee post-closing center in 116,000 sf at Las Colinas Commons, a 225,000-sf, two-building complex getting its first tenant after a three-year lull.
TUCSON-The 7,466-sf La Cholla center attracts four offers, but Lippow Development Co.'s proven track record and all-cash pledge secure the deed to the fully occupied, three-tenant shopping center in Tucson.
TORONTO-The Toronto-based REIT forms a limited partnership with the Ontario Municipal Employees Retirement System and the Teachers Insurance and Annuity Association - College Retirement Equities Fund that will buy, fix and sell under-performing shopping centers in Canada.
MIAMI-Average two-bedroom apartment rents in the city and Fort Lauderdale were approximately $700 above the lowest of $490 in the second quarter 2003 ACCRA Cost of Living Index.
ORLANDO-The Houston-based REIT is getting an experienced professional in Terry R. Marks, former vice president and regional director of leasing and development for New Plan Excel Realty Trust and a former executive with PM Realty Group, Landmarks Group and Faison Associates.
DENVER-Like Willington Webb before him, Mayor Hickenlooper is not inclined to push for a new Westin Hotel at the Denver airport. The economics are too dicey to justify adding rooms to the market, according to a noted hotel analyst.