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TORONTO-The two malls--West Ridge Place in Orillia, Ontario and Southland Mall in Regina, Saskatchewan--contain a combined 658,000-sf of retail space that is more than 97% occupied.
ANAHEIM, CA-The 281.5-million-sf inventory remains about 9.28% vacant, nearly identical to the first quarter. The triple-net lease rate of 52 cents per sf remained flat in the quarter-to-quarter analysis and down 15% from midyear 2002.
FORT LAUDERDALE, FL-The sale of the 91-unit, eight-story, 77,850-sf apartment complex includes a single-family, waterfront home. DSI at Le Cercle LLC paid about $116,484 per unit to Mauka, Med. LLC for the property.
LONDON-The property portfolio of department store chain Debenhams has been revalued at pounds 425 million ($694.3 million), 30% less than the company had hoped
GRAND PRAIRIE, TX-The long-term deal puts a Rreef Funds-owned building at 100% occupancy while Glazer Wholesale Distributors, which is moving in now, delivers a true expansion for the Dallas-Fort Worth marketplace.
EDISON, NJ-Holliday Fenoglio Fowler arranged the permanent funding for the Hampshire Cos.' Main Street holdings, a group of downtown mixed-use properties totaling 50,000 sf.
WALTHAM, MA-Demantra relocates its corporate headquarters from Cambridge, MA to 230 Third Ave. in Prospect Hill. The developer of consumer demand-driven enterprise solutions, more than tripled its space in the expansion move.
NORTH RICHLAND HILLS, TX-The New York City-based Praedium teams with Dallas-based Westmount Realty Capital for the 230,000-sf Richland Centre in a behind-the-scenes trade with the developer of the nine-year-old asset.
GILBERT, AZ-Independent Industries spends $491,500 for the general industrial building at 1345 N. Hobson in the East Valley Commerce Center. The supplier of motorcycle gasoline tanks will relocate in August from Mesa.
WASHINGTON, DC-According to the Mortgage Bankers Association of America's forecast, the economy will begin to slowly bounce back by the end of this year and will ultimately result in a bevy of positive upswings.