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SEATTLE-The meetings scheduled for Thursday and Saturday this week are an introduction to what the city hopes will lead to healthy public discussion on a vision for future development of the central waterfront area.
ST. PETERSBURG, FL-Locally based Senior Health Management LLC has contracted to pay Louisville, KY-based Kindred Healthcare Inc. $65 million or an average $3.8 million per property in an all-cash deal slated to close June 30.
LONDON-Matrix Securities has set up London's biggest-ever single-asset indirect investment vehicle following its pounds 240 million ($400 million) purchase of the 380,000-sf Alban Gate building on London Wall in the City.
WESTMINSTER, MD-Carleton Technologies Inc. opts to relocate to Carroll County by taking on 30,000 sf in the 45,500-sf structure at 711 Corporate Center Court. Space in the flex building rents for $5.50 to $6.75 per-sf.
DES PLAINES, IL-A $6.9-million build-to-suit and 10-year lease puts ABF Freight System Inc., displaced when the city of Chicago condemned its 22,560-sf facility for airport expansion, in larger quarters at 400 E. Touhy Ave.
DENVER-Investors paid 23.1% more for their real estate this year compared to the first half of 2003. However, although dollar value is rising, that does not mean there is a need for more product.
PHOENIX-At last, the full amount is in place for a convention center expansion as state lawmakers agree to a dollar-for-dollar match for a $300-million, voter-approved financing package to expand the center to 940,000 sf from 302,000 sf.
LOS ANGELES-The Los Angeles-based investment firm is selling non-core assets and diverting the capital into larger trophy assets to expand its investment horizons into new property types. Two are sold and three are under contract.
SANTA ANA, CA-The $2.2-million sale is the third disposition in the office portfolio since CT acquired it from Newport Federal in 2001, with the fourth under contract. The 18,126-sf Boardwalk is an 82%-leased building that went to two private investors.