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WHITE PLAINS, NY-A key executive with Mack-Cali Realty Corp. reports that the Westchester market is showing signs of stabilizing, due in part to an increase in leasing interest in the county from firms both inside and out of the region.
DENVER-Only a short time after tenants vacated the property and left a 34,000-sf hole, a long-time Denver restaurant and nightclub owner snapped up the space.
COMMERCE CITY, CO-The centerpiece of Belle Creek, a for-profit 170-acre mixed income development, the Belle Creek Family Center was officially opened. The facility is a family center, which provides affordable early childhood care and education, a full gymnasium, a technology lab, and meeting rooms.
WEYMOUTH, MA-Another 900 acres still needs to be acquired this year, but the $1-billion redevelopment of the former South Weymouth Naval Air Station takes a step forward with a transfer of land to South Shore Tri-Town Development Corp.
CHICAGO-The Jones Lang LaSalle division still posts a $6.9-million loss for the first quarter, down from a $4.1-million loss for the same period in 2002 as operating expenses, including higher salaries and benefits, offset the revenue gain.
HAWTHORNE, CA-The Irvine-based investment group adds to its LA County portfolio with the acquisition of the Continental Apartments, an asset that delivers rents ranging from $600 to $1,100 per month.
MONTREAL-Overlooking Mount Royal Park in central Montreal, the property is currently 99% occupied with an average monthly rent of $625 per unit. It is the Toronto-based REIT's second Montreal acquisition this year.
SCOTTSDALE, AZ-Westwood Financial bests seven others for the 113,084-sf Pinnacle of Scottsdale in fevered bidding that delivers more than $1 million above the asking price for the fully leased, grocery-anchored center.
GLENDALE, CA-Los Angeles developer and investor Maguire Properties Inc. will acquire the remaining interest in Glendale Center from Bank of America with proceeds from Maguire's pending IPO.