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ATLANTA-Houston-based Hines Interests canceled an option on the 6.7-acre site in 1999 to develop office towers, residences and retail space after failing to sign an anchor tenant, area brokers tell GlobeSt.com. The estimated asking per-acre price is at least $2.98 million, or about $68.53 per sf, one of the highest in recent city real estate annals, brokers say.
CHICAGO-A Home Depot store, which costs the Atlanta-based retailer an average of $20 million to build, will replace a former Super K-mart store at Lincoln Avenue and McCormick Boulevard.
LONDON-Shares in Canary Wharf Group rose by more than 9% in early trading following speculation that Goldman Sachs is set to join a bidding war for the firm.
FORT WORTH-Internacional Realty replaces a construction loan assumed last year for the 216-unit Summer Brook Apartments with a five-year loan at 3.68% interest. Hoping to buy 1,500 units in the region, the class A buyer is filling its pipeline with similar deals.
CRANFORD, NJ-The second quarter results in North and Central New Jersey were bolstered by a 55,000-sf deal with Novartis and two other signings of just under 50,000 sf.
ATLANTA-Jud Bass, former vice president of asset services for CB Richard Ellis Inc. here, and Lee Ring, former CEO of R.E.O. Marketing Systems Inc., are the newest senior advisors in the Irvine, CA-base firm's local office.
SCHAUMBURG, IL-The company takes a floor in the American Landmark Properties' building at 1002 Algonquin Rd. Meanwhile, Market Day Corp. also strikes a leaner deal at 555 Pierce Dr. in Itasca.
SAN JOSE, CA-While apartment rents and sales prices will slip further over the next 12 months, the decreases will be minimal compared to the massive reductions in recent years, according to the latest apartment report from Marcus & Millichap.
PLANO, TX-SVTronics spends $300,000 for 2.2 acres along Technology Drive as it fine-tunes plans for a 25,000 sf-to 30,000-sf office and production site for its electronics contract manufacturing business.