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LONDON-British Land announced today it had ended talks to buy Aberdeen Asset Management's property investment management business. Aberdeen had hoped to raise pounds 45 million ($72.2 million) from the sale.
HOUSTON-LaBarge Pipe & Steel Co. has purchased a 38-acre site with a 102,400-sf building in northeast Houston for a pipe yard and epoxy coating facility that will create between 25 and 30 jobs for Houston.
PORTLAND- The region's 124-million-sf industrial inventory stood 11.7% vacant at the end of June and continues to rise through the third quarter as tenants move out of older buildings and into newer ones.
BOSTON-Fairlane Properties Inc. sells its three-building portfolio located at 15 Broad St., 33 Broad St. and 112 Water St. in the downtown area to Ceres Realty Fund for $24 million.
DENVER-Landlords are "throwing in the towel," along the city's northeast industrial corridor according to a recent report by Trammell Crow. Rental rates have dropped as much as 15 to 20% in the last quarter and the vacancy rate has jumped 16.6% from the first quarter.
PLANTATION, FL-The space will become part of the 150,000-sf home improvement and furnishings retail center under way here. The center will house local merchants in those industries and is planning a grand opening this fall.
ATLANTA-The New York-based restaurant is leasing 6,500 sf in a freestanding building to be constructed in the Central Park section of the planned $2 billion, 138-acre Midtown mixed-use venture.
SAN DIEGO-Residents have settled into the first completed facility of the 280-unit Island Village Apartments complex in the East Village. The three-building project should be finished by the end of this month.