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LONDON-Kenmore has made its first purchases outside the UK, investing almost euro 30 million ($32 million) in standing industrial investments and a pre-let warehouse in the Ile de France Region. And it claims to have a pounds 100 million war chest to acquire a substantial French industrial portfolio.
LONDON-The redevelopment of the decaying Caxton hall site in Westminster has moved a step closer with the unveiling of plans by Stanhope; DeLand Assets and Regent Square Estates for a mixed residential and commercial development.
LONDON-Kenmore has made its first purchases outside the UK, investing almost euro 30 million ($32 million) in standing industrial investments and a pre-let warehouse in the Ile de France Region. And it claims to have a pounds 100 million war chest to acquire a substantial French industrial portfolio.
ORANGE, CA-In $1.1-million sales, painting contractor Sanders & Worhman gets an 11,000-sf industrial building in Orange while home loan broker, WJ Capital, gets a 9,000-sf office property in Santa Ana.
BOSTON-In the latest in a series of moves by the state to recover some of the $14.5 billion spent on the Big Dig, state Inspector General Gregory W. Sullivan releases a report that indicates that the Big Dig's lead contractor cost the state $65 million in cost overruns.
CANTON, MA-Casual Male Retail Group, Inc. plans to close up to 55 of its Levi's and Dockers outlet stores that are located along the east coast. The move is part of a company strategy to focus on its Casual Male Big and Tall business.
NEW YORK CITY-Grubb & Ellis brokers are getting restless again, according to a local source. Word on the street has it that the dealmakers want to return the company to its transactional roots. Not true, says president and CEO Barry M. Barovick.
EAST RUTHERFORD, NJ-Once a developer's agreement is in place between Mills/Mack-Cali and the NJSEA, their redevelopment project will proceed whether or not a deal is done for an arena in Newark.
CHICAGO-Fifield Cos. and MCZ/Jameson Development Group now plan to build in the multifamily development on the northwest fringe of the Loop that Heartland Partners LP envisions will ultimately contain 1,700 units.