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CHICAGO-Shareholders could receive most of the $3.55 million Heartland Partners, L.P. has agreed to accept from the city of Milwaukee for a 150-acre site in the Menomonee Valley.
CRANBURY, NJ-The transactions, at the company's facilities here and in Edison, NJ, involve Rand Direct, a display company, and children's apparel manufacturer Adjmi.
LONDON-Direct investment in commercial property in the first half of 2003 totalled EUR 31.4 billion ($36 billion), 18% lower than the EUR 36.5 billion ($41 billion) recorded during the same period of 2002 according to Jones Lang LaSalle.
WESTBOROUGH, MA- Acquisition financing totaling $33 million is nailed down for the four-building, 372,679-sf Westborough Office Park. Holliday Fenoglio Fowler LP arranged the financing for Windsor Realty Fund-IV.
ASHBURN, VA-Winthrop Investment Group picks up a seven-acre parcel of land for $1.45 million in the Broad Run Business Park. Winthrop is planning a 76,500-sf industrial building for the site.
LOS ANGELES-Clothing industry supplier buys 18,500-sf industrial facility for $2.5 million in a deal that illustrates "incredible price velocity" in Downtown L.A.
CHICAGO-At least one offer, for 59% of the Westin Hotels Limited Partnership units, places the value of the 774-room property at nearly $75 million. Starwood Hotels & Resorts Worldwide Inc. says it would attempt to acquire all 135,600-partnership units.
AURORA, CO-The total project- costing $675,000- will include a ceramics art workshop, dance studios, a sculpture garden and an outdoor patio complete with a carousel patio. The city long ago identified the property as a space with great potential for a multi-tenant art facility.
METROPARK, NJ-The list of renewals and new leases at the Alfieri corporate campus is headed by Cisco's 40,000 sf, which includes an extended direct lease and a converted sublease.