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LONDON-LxB, the out-of-town retail investor set up by the former Grantchester management team and backed by Tom Hunter's West Coast Capital has paid pounds 45.6 million ($73.4 million) for a retail park in Telford, Shropshire.
SEGUIN, TX-A Taco Cabana, tied to a 20-year lease, leverages the loan for the private investor from California, who acquired the asset in a 1031 Exchange in December with seller financing. The suburban retail site sold at a 9.25% cap rate.
GLENVIEW, IL-The book retailer is backing out of projects around the US, according to San Diego-based OliverMcMillan LLC, but Knoxville, TN-based National Book Warehouse Inc. has claimed the 15,000-sf anchor spot.
DENVER-John Hickenlooper, a restaurateur and developer, drew more votes than his nearest opponent in yesterday's mayoral election, but not enough for an outright victory. A run-off is scheduled for early next month.
MINNEAPOLIS-The Dallas-based company will sell the assets of its 31-story grocery chain in Minnesota to Roundy's Inc., the leading retail supermarket chain in Wisconsin. Including the business, leasehold commitments and inventory, the transaction value is close to $120 million.
BOSTON-Hanscomb Faithful & Gould relocates its area office from Cambridge to 55 Summer St., a 10-story building in the heart of the city's retail and financial districts. The construction management consulting company wanted a more central location.
BOSTON-The Massachusetts Turnpike Authority's controversial sale of its 91-acre parcel in Allston will have to wait until the state's environmental office decides whether the deal requires a review.
NEWPORT BEACH, CA-Talya Nevo-Hacohen brings corporate finance experience as well as real estate savvy from her days with Goldman, Sachs & Co. to a newly created position in a move to facilitate growth as well as oversee the treasury.
DENVER-According to the most recent report from the Denver Metro C of C, the area's commercial real estate numbers are more positive than they have been in quite a while.
HOUSTON-A window furnishings distributor takes 10,800 sf in a slight downsizing for the northwest submarket and a maritime company sequesters 14,529 sf in the city's north quadrant. The distributor is eyeing a midsummer move-in.