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WASHINGTON, DC-Emerging Trends in Real Estate 2004 readies for its close-up as PricewaterhouseCoopers brings in new publishing partner, the Urban Land Institute. ULI replaces Lend Lease Real Estate Inc., which recently revealed plans to exit the US real estate market.
LAWRENCEVILLE, NJ-The 240-unit flips to the Illinois-based buyer's portfolio as part of an aggressive campaign of acquisitions. The seller was Lend Lease Real Estate Investments.
SCOTTSDALE, AZ-Desert Troon of Phoenix scores the win with its ability for a quick close and limited contingencies to mark the second largest office building sale this year. The prize is the fully leased, 214,676-sf Perimeter Center in North Scottsdale.
DENVER-Although building permits for apartments in the Denver metro area fell by 28.8% in April, regional experts see it as good news that production is dropping, when the market is suffering from lack of demand.
CHICAGO-Woodlawn Development, Inc. is the newest owner of the former Bowne building, which has changed hands three times in less than a year. The condominium developers received a $10.4-million loan from Broadway Bank at 4.25%.
WEBSTER, TX-Fresnius Medical Care puts the finishing touches to a seven-year lease for its 12th dialysis center in the Greater Houston area. The deal lands the first build-to-suit tenant for the 11.3-acre park in the Houston suburb.
PORTLAND-A city spokesman tells GlobeSt.com that the site is being used as staging for the $300-million so-called Westside Big Pipe project until 2007 and that no plans for its use after that has been contemplated by the city. Neighboring property is slated for residential development.
WESTBOROUGH, MA-Communications Test Design Inc. renews its lease for 37,200 sf in the Flanders Industrial Park. The company, which provides service solutions to the telecommunications industry, is an anchor tenant in the park.
PHOENIX-The 21,000-sf project breaks ground next week on a three-acre tract in Deer Valley's Northwest Airpark. The four-year-old company plans to use half of the acreage and save half for future growth.
NEW YORK CITY-ABN Amro's diamond, precious metals and jewelry group is relocating to 565 Fifth Ave. allowing for close proximity to its clients in the jewelry district.