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LONDON-Hammerson has sold its leasehold interest in the 333,000-sf Merseyway Shopping Centre, Stockport, Manchester, to a private property company to raise pounds 128 million ($200 million).
PRIMM, NV-Coral Gables, FL-based Talisman Companies acquired Fashion Outlet of Las Vegas two years ago when it was 30% vacant and has raised occupancy to 93%. GMACC funded the $65-million fixed-rate permanent loan using NetFunding.com's loan origination system.
DENVER-Local economic development veteran Joe Snell has joined Capital Solutions and will provide advice, branding and business and economic development consultation to clients.
LINTHICUM HEIGHTS, MD-Two more buildings begin to rise at the $60 million BWI Technology Park, as developer MIE Properties gets going on construction of the park's second and third flex buildings.
THE WOODLANDS, TX-Doors will swing open in 30 days on the fifth Eckerd drug store in the Woodlands. The Shelby Estus Realty Group bought the site five months ago and locked in the pharmaceutical giant to a 20-year lease.
SUGAR LAND, TX-A 4,200-sf bank will rise on a two-acre site at the crossroads of Texas 6 and University Boulevard in First Crossing, a 65-acre retail development in Sugar Land. Delivery is eyed for Q1 2004.
FORT LAUDERDALE, FL-Portside Yachting Center LLC bought out the property, which has been vacant for 3 = years. The buyer, headed by Andrew Martin, paid $6 million to $7 million and is repositioning the failed retail/entertainment property into a maritime specialty center.
SCOTTSDALE, AZ-Dore Achievement Centers taps 10,260 sf at 6900 E. Camelback Rd. for a treatment center for children and adults with learning disabilities. The Louisville, CO-based operator will pay $23.50 per sf net for the next five years.
AUBURN HILLS, MI-Inergy didn't build a 110,000-sf office and technology complex yet, so the city plans to revoke, at a public meeting tonight, a $308,000 tax break it gave to the firm.
LOS ANGELES-The Northern California investment firm names Aaron Hancock as acquisitions manager, with plans to acquire more mid-size and value-added multifamily properties. It's the second such appointment in less than a year.