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ABERDEEN, NJ-Local officials are looking for a private firm to redevelop the 14-acre former South River Metals site as 65 rental or condominium units for income-eligible residents.
ORLANDO-New York-based Mergent Inc. cites the locally-based REIT as one of only 228 of the 10,000 publicly-traded companies in the US that have increased annual dividends for 13 or more consecutive years.
LONDON-Lehman Brothers Real Estate Partners has purchased the Galleria Outlet Centre, Hatfield, Hertfordshire from GE Real Estate and Peter Everest/WD Galleria for a rumoured pounds-80-million ($132 million).
SANTA BARBARA, CA-Developer-owner TynanGroup Inc. and local investor Richard W. Sanders are building a five-story hotel to replace a historic property razed in 1998. The site will hold an as-yet unnamed, 96-room boutique business hotel.
HUDSON, MA-Delphic Associates and MP Development LLC Developers want to build a 128-unit condominium complex on a two-acre site on Main Street in the town's downtown area.
HOUSTON-Skyline Holdings of Cowan Heights, CA, secures permanent financing through PW Funding for Hammerly Villa Apartments, bought three years ago and renovated. The 10-year loan has a 4.6% interest rate and 1.64x debt service coverage.
CHICAGO-Not everyone is happy about the department of planning and development overseeing the sale of city-owned lots, many of them eyed by small-scale developers of multifamily housing, rather than the department of general services.
TROY, MI-City will ask residents to sell 11 acres of public property to allow space for a new conference center and hotel. Vote would take place in the next general election in April 2004.
WOODBURY, NY-A manufacturer and distributor of nutritional supplements and a direct mail and marketing services firm both inked sublease deals for more than 100,000 sf of industrial space on Long Island.
DEER PARK, TX-Vantage Cos. and Clay Development kick off a five-acre project in the 34-acre Battleground Industrial Park near the Houston Ship Channel. The distribution center is one of the first speculative undertakings in a long time to go up in the area.