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SAN FERNANDO, CA-Chalk &Vermilion takes over a 22,887-sf industrial building to push a move this month from North Hollywood. With the property part of an Enterprise Zone, the new owner will use the incentive to find a tenant for 7,000 sf.
FORT WORTH-USF Processors adds 23,416 sf to take the total to 83,416 sf of office/warehouse space as it plans a move to a sister property. The tenant signs a long-term lease for a state-of-the-art pharmaceutical processing center.
PLAINVILLE, MA-Jofran Sales, a multi-national manufacturer's representative for retail furniture, sells a 40,000-sf industrial building to Jay Hanfig, TTEE for one million dollars.
CLEVELAND, OH- Prime Group Realty Trust of Chicago is selling its only asset in Cleveland to an affiliate of its anchor tenant, National City Corp., which is obligated under a contract to purchase the property.
WASHINGTON, DC-Board members of the five-year-old International Society of Hospitality Purchasers Inc. elect a new president--Ramsey Purchasing's Jennifer Ramsey. She replaces Alan Benjamin, who has been president since 2001.
DENVER-The giant movie theater company controlled by Denver billionaire Philip Anschutz declared a cash dividend of $5.05 per share of class a and b stock, which means the total payout to stockholders will be approximately $715 million.
LONDON-Property investor Compco has succumbed to a pounds 147 million ($245 million) offer from City & General Securities. The deal shows a 68 per cent premium to the company's value at the beginning of May 2003.
SEATTLE-Company President Mark Raabe tells GlobeSt.com that the two Capitol Hill projects will get under way this summer and the two projects near Seattle Center will get under was in November. The projects' combined cost is $60 million.
DENVER-Mayor elect Hickenlooper's Cherry Cricket restaurant and four other small tenants in Cherry Creek North were each able to buy their own buildings when the owner passed in February donating the land to the non-profit Denver Foundation.