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PALM DESERT, CA-Shelter Bay Retail Group of Mill Valley gets the assignment for the 515,473-sf power center, an eight-year-old, 46-acre development with six national retailers as the anchors.
PHOENIX-Arizona Business Services moves into Hewson Westside in a three-year lease for 8,380 sf, taking over space previously occupied by Rite Screen. Three months free rent and discounted rate, with a $160,000 value over the term, delivers the tenant.
BOSTON-Tremont Tower Residences LLC, which is a joint venture of The Radco Cos. and Lehman Bros., purchases 165 Tremont St., a 62-unit residential complex being built in the heart of the city's downtown area, for $60 million.
DENVER-The company issued $250 million in senior notes due 2008. Proceeds from the offering will be used to reduce amounts outstanding under Archstone's line of credit.
LONDON-High Wycombe, Buckinghamshire, is to get a 650,000-sf makeover under plans submitted by developer Stannifer to the local authority. It could open by Spring 2007
HOUSTON-A hospital location locks in a tenant for seven years at 12000 Richmond St. in the Westchase submarket. Bry Enterprises, which has several clinics around town, will unlock its doors later this month.
LONDON-A private investor has paid Deutsche Property Asset Management more than 11-million-pounds ($18.43 million) for phase 3 of the Corby Eurohub in Northamptonshire
ATLANTIC CITY, NJ-As part of the state's balance-the-budget effort, the gaming halls have been hit with several new levies, including a controversial tax on net profits. New taxes against slot machine companies and gamblers themselves could raise the take to $90 million.
CENTURY CITY, CA-The three firms sign for $6.5 million worth of leases at Watt Plaza. Building owner Watt Commercial Properties lines up deals with five-, seven- and 10-year terms at its twin tower property.