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CHICAGO-Besides being headed for landmark designation, an eight-story building at Madison Street and Western Avenue has a new owner who intends to redevelop it for retail and affordable multifamily rental use.
SAN DIEGO-San Diego County is expected to keep up a steady performance throughout the remainder of 2003, with the Los Angeles Economic Development Corp. forecasting a healthy tourism sector, hot residential market and growth in both personal income and nonfarm employment.
YORKTOWN, NY-Westchester County has purchased 180 acres of Hilltop Hanover Farm here and plans to develop a horticultural education center at the site.
TAMPA, FL-The Columbus, OH-based REIT signs a $153 million contract with American Freeholds to acquire the 1.06-million-sf WestShore Plaza, one of the largest shopping centers in Central Florida.
FLEMINGTON, NJ-Binswanger/CBB arranged the transaction, which moved the facility from Nacco Materials Handling into the portfolio of Garden Commercial Properties.
RED DEER, ALBERTA-A joint venture involving Toronto-based Sterling Centrecorp Inc. acquires a 50% interest in Bower Place, a 502,000-sf enclosed regional shopping center in Red Deer, Alberta.
JACKSONVILLE, FL-With an acquisition kitty of about $100 million, the alliance pays Univesco Inc. of Dallas $9.8 million, or about $36,296 per unit, for the 20-year-old, 270-unit, 92%-leased Oak Forest Apartments. The alliance bought the asset for an undisclosed Heitman institutional investor.
BEAVERTON, OR-The 103,000-sf building is located across the street from a traditional Home Depot. According to plans submitted to the City of Beaverton, Home Depot would fill three-quarters of the building with the Northwest's first Expo Design Center.
NEW DEHLI, INDIA-Heeding its clients' interest in tapping India's English-speaking, highly educated workforce, the international corporate real estate advisor forms an exclusive partnership with a New Dehli-based real estate services company.