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BURBANK, CA-Crown Realty & Development acquires the 137,000-sf building and will market it to office users. Industry sources believe Warner Bros. got more than $9 million for the empty building.
OCEANSIDE, CA-Buyer Innovative Development Enterprises Inc. dba Hamann Construction plans to construct industrial build-to-suit facilities on the 10.76-acre site known as lot six. The parcel is located within Oceanside's 350-acre Ocean Ranch Corporate Centre.
ATLANTA-The gift is part of a $143 million drive by state and federal agencies to establish a non-developable, 180-mile belt around the Chatahoochee River that would protect drinking water, provide parkland and maintain natural wildlife areas.
MIAMI-The Dean Building, a 34-unit apartment complex with 11,485 sf of commercial mixed-use space in Fort Myers, FL was built in the 1920s and renovated in the mid-90s. The Dean Building Group LLC bought the building from The Old Morgan Inc.
GARLAND, TX-Duke Realty gets its hands on one of the last large development tracts in Garland: 24.7 acres with rail service, Triple Freeport and nearby freeway access. Whether it's spec or build-to-suit, a building will be rising by early 2004.
LONDON-The Sherlock Holmes Hotel on Baker Street, London W1, has sold for pounds 12.6 million ($19.7 million). The deal included two adjoining shops but yield is just 4.6%
CHERRY HILL, NJ-The signings, arranged by Metro Commercial, bring Lend Lease's Hillview Shopping Center to 100% occupancy. The new tenants include a floor coverings retailer and a regional shoe chain.
BOSTON-The Mandarin Oriental Hotel Group will enter the New England region by flying its flag on CWB Boylston's hotel, which is part of its mixed-use project in the Prudential Center. The project will also feature 105 residential units and 53,000-sf of retail space.
BOLINGBROOK, IL-Five new tenants sign on for nearly 20,000 sf at PanCor Construction & Development's property just west of the I-55 and Illinois 53 interchange. Metro Service Provider Corp. is the largest deal at 9,000 sf.