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MOUNT CLEMENS, MI-Minor league baseball may be coming to the city with the announcement of plans for a stadium. The city says the stadium could generate about $4.2 million in annual revenues, between use as a ballpark and as a concert and event venue.
HOUSTON-Word on the street is the 77,467-sf Lakeside Village has brought more than $9 million for its Houston seller. The deal started brewing at this year's ICSC convention and has just closed with financing from Lehman Bros.
WOBURN, MA-Acquisition financing in the amount of $26.6 million was arranged for 225 and 235 Presidential Way. The two buildings were recently purchased by a joint venture of National Development and Angelo Gordon & Co.
ALLEN PARK, MI-Ford says it will replace its Allen Park Clay Mine with a $120 million shopping and recreation complex. Using many environmentally friendly practices, construction is set to begin in spring 2004.
ATLANTA-Locally based Roberts Realty Investors Inc. says it lost $922,000 in the second quarter ended June 30 and $1.8 million for the first half as company officials see no improvement for the rest of the year.
SUGAR LAND, TX-Camille's Sidewalk Cafe takes 2,500 sf for the medium term at the 43-acre Town Center Lakeside. The subsidiary of Williams Cos. in Tulsa, OK, will open in the fall in an area primed for the dining and catering venue.
LONDON-Barnsley Miller Partnership has forward-funded a 67,000-sf distribution warehouse in the Dearne Valley Enterprise Zone in South Yorkshire through RVB Investments for pounds 4 million ($6.4 million).
JACKSONVILLE, FL-The locally based REIT is also selling 3.6 million shares of its common stock at $35.96 per share, a Wall Street price expected to net the company $123.6 million after the offering closes Aug. 18.