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NEW YORK CITY-Alchemy Properties Inc. is spending $20 million to convert an 1890's Beaux-Arts building into 23 residential loft condominium apartments at 42-48 East 20th St.
HOUSTON-The largest space taker is MC Distributors, which is planning a move from 10,000 sf into 38,400 sf in a relocation on the East Side. On the South Side, a wholesale distributor signs for 8,024 sf.
HINGHAM, MA-Barnes & Noble Inc. signs a lease agreement to open a 25,000-sf bookstore in the Derby Street Shoppes Shopping Center at Route 3 and Derby St.
AURORA, CO-Arson destroying their entire distribution center and recent filing for Chapter 11 reorganization were not enough to prevent Fleming Cos. from opening a new 140,000-sf warehouse facility at interstate 70 and Tower Road.
ATLANTA-The brokerage team of Marc Robinson, Chris Johnston and Joshua Goldfarb tells GlobeSt.com that condo conversion deals, hot in the 1999-2000 period, are still surfacing, particularly among trophy properties in desirable areas.
ORLANDO-In the biggest transaction in its five-year history, the locally based REIT has contracted to buy the 8,271-room, 57-property RFS Hotel Investors Inc. of Memphis, TN for $383 million in cash ($12.35 per share) and the assumption of $304.6 million of total debt.
DENVER-The industrial market is going through an "orderly correction," according to a recent Marcus and Millichap report, claiming the expected "bust" never came due to a diversified economy.
SANTA CLARITA, CA-Hopkins Real Estate Group pays $2 million for four acres to develop its sixth retail asset in the area. The firm gets the southwest corner of Seco Canyon and Copper Hill roads.
ATLANTA-The Chicago-based developer plans to break ground in June on an $8 million, high-velocity facility at Greenwood Industrial Park in Henry County and have it completed by spring 2004. Ford will lease the property for 10 years.