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LEAGUE CITY, TX-With 17 locations in Greater Houston, the bank is looking for six to eight more development tracts, three of which are ready to go under contract. When the League City building is up, the bank will exit a nearby strip center.
WHITE PLAINS, NY-New Jersey-based Ivy Equities has purchased the 275 Main St. building and adjoining garage here and plans to spent at least $10 million to upgrade the property once Sears vacates its store for the White Plains Galleria mall this fall.
ATLANTA-Even before the first shovels were turned, the planned 578-unit Residences at Atlantic Station had a waiting list from tenants and buyers for apartments and condominiums scheduled to open in spring 2004. The venture is one of Atlanta's largest.
LONDON-Isis Property has agreed to forward fund Henry Boot Developments' Nova Scotia retail park in Blackburn, Lancashire, for pounds 32 million ($53 million) reflecting a net initial yield of 6.5%.
REEDVILLE, VA-Houston's Omega Protein Corp. continues its plan to expand production of its OmegaPure product by beginning construction on a $16 million, 60,000-sf facility. The project is on target for completion next May.
LOS ANGELES-The locally based buyer and seller trade the Wilshire Center property for about $1.4 million in a transaction with a 5.93% cap rate. The new owner is eyeing a value-add plan for the 97%-leased complex.
DENVER-EOP's CEO discusses the future of his firm and the local economy. He's optimistic about the office market and predicts job growth facilitating the need for more space.
LONDON-The City of London faces a flood of new office completions in the coming months, according to the latest Central London Survey, for the first quarter 2003, from Drivers Jonas.
LONDON-Corus & Regal Hotels has sold the Maitland Hotel, Shandwick Place, Edinburgh to the Townhouse Group for close to the asking price of pounds 4 million ($6.7 million).