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LONDON-Great Portland Estates has added to its central London portfolio with the pounds 16 million ($25 million) purchase of 100,000 sf of offices at Metropolis House, 39-45 Tottenham Court Road. It plans the refurbish the currently empty building.
PHILADELPHIA-The 243-bed Elkins Park and 200-bed Parkview acute-care facilities may be sacrificed in a round of cost cutting by their Santa Barbara, CA-based owner. Tenet acquired them in an eight-property portfolio in 1998. Plans call for their sale, conversion or consolidation.
BINGHAM FARMS, MI-A liquidation plan is continuing for retail REIT Malan. Its facilities, including eight Kmart-anchored properties, are selling for less than expected.
OXNARD, CA-The Surfaces USA division of Brazil Granite gets a 37,621-sf facility for $2.5 million. It's being touted as a "one of a kind" building for the firm's first location in Ventura County.
IRVINE, CA-The shipping firm, a 10-year tenant at 18651 Von Karman Ave., signs for another five for the operation, one of its busiest Orange County sites. Signatures are put to paper nearly two months the lease expiration.
WASHINGTON, PA-Gander Mountain of Bloomington, MN has signed a lease with Crown American Realty Trust to locate their superstore concept here in the former Ames Department Store space at Washington Crown Center.
DENTON, TX-Sally Beauty Co. and Koll Development provide some details for a deal that's been in the market for six months as they searched for the site. Execs say the land acquisition will close within 90 days; ground will break in the third quarter.
AUSTIN-The firm agrees to a five-year lease for office space on the 18th floor of the 21-story Bank One Tower at 221 W. Sixth St. The new deal pushes occupancy in the 389,503-sf high-rise to a solid 93%.
SAN DIEGO-Multifamily sales in San Diego County have reached the highest level seen in 13 years, according to a new report on the region by Burnham Real Estate Services.
ORLANDO-Coming off a record production year, Stirling International Realty Inc.'s founder/owner has promoted Walter Suika to manage the company's seventh high-tech showcase center when it opens in April across from the Rouse Co.'s 955,000-sf Oviedo Marketplace.