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LONDON-Network Rail is to pull out of direct property development in favour of partnerships with external developers. The decision came as part of a wide-ranging review of the rail operator's approach to its property assets.
PHOENIX-Largely a farming community, the town's persona is in a state of flux due to a positioning just five miles south of downtown Phoenix. The rooftops are going up and retail developers are now staking their claims.
MIAMI-Ugo Colombo, whose developments include Santa Maria, Bristol Towers, Porto Vita and The Collection, said he wanted to ensure on-time delivery and customer service of Glasswall's products.
LONDON-Supermarket chain Sainsbury's has formed a joint venture with petrol distributor Shell to open 100 Sainsbury's Local convenience stores across the UK.
NEWARK-Correctional Properties Trust, a REIT, adds the 726-bed asset to its portfolio, while seller CEC will continue to operate it under the terms of a sale-leaseback agreement.
ATLANTA-Bartow Industrial Centre LLC is asking the Coosa Valley Regional Development Commission for an OK on a 514-acre mixed-use venture that calls for 10 acres of commercial and 21 acres for a school.
BALTIMORE-Johns Hopkins University selects Transwestern Commercial Services to oversee management responsibilities at its recently acquired Mount Washington Corporate Campus.
ORLANDO-Lord John Montagu, whose family is credited with discovering Hawaii, and Robert Earl are investing $2 million in creating the first of a chain of global restaurants called the Earl of Sandwich Shops. The flagship site will be at Downtown Disney's Marketplace.
ROCKY HILL, CT-Nationwide Insurance signed a five-year lease for 46,000 sf at 500 Enterprise Dr. The new offices will include a significant amount of space at the building's "fourth wing expansion" that is currently under construction.