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EL GOLF, CHILE-Company hopes their first Latin America hotel, with 15 stories, a rooftop spa and a panoramic view of the snow-capped Andes less than an hour away, will attract faithful guests.
BETHPAGE, NY-Distribution Traffic Services Inc., an affiliate of E&F Trucking, purchased Northrop Grumman Corp.'s Building No. 1 for in excess of $11 million.
BOULDER, CO-The recently completed North Boulder Recreation Center became the first building in the State of Colorado to be awarded the prestigious Silver LEED certification. The newly renovated building re-opened in March 2003 and boasts solar-heating, energy efficient lighting and improved features throughout.
DENVER-Sales of investment grade apartment properties are at an all time low in the local market. Developers and owners are holding on to their properties, waiting for better times.
NAPLES, FL-Benchmark Group of Amherst, NY, paid $86,823 per unit to Glacid Properties of Cincinnati for the 37-building, 146-unit, 89% occupied town home property here.
ORLANDO-Among the rumored buyers: St. Joe Co. The seven-year-old property has 105,744 sf of retail (100% leased), 105 apartments (96% rented) and 94,000 sf of office (93% leased). Eastdil Realty Co. of New York has the exclusive listing.
ATLANTA-The good news for property owners is that the 6.4 million sf of available sublease space is expected to decline over the next 12 to 24 months and prices for investment-grade properties are projected to continue rising.
NEW HYDE PARK, NY-Kimco Realty Corp. has entered into an agreement to sell 1.8 million shares of its common stock to UBS Securities LLC in a public offering. Net proceeds will be approximately $66 million.
SOUTH BRUNSWICK, NJ-The manufacturing company will use almost one-third of the 163,648-sf industrial building as warehousing and distribution space after a transaction arranged by Colliers Houston.