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MIAMI-La Bottega di MammaRo, Les Bijoux and Stelios Galgadas have recently opened here, while an 80,000-sf Robb & Stucky and a 10,000-sf Z Gallerie plan to open in March.
CARLSBAD, CA-Borrower 6350 Yarrow Dr. Ltd. uses the financing to acquire Palomar Airport Business Park, a 44,706-sf complex located in Carlsbad. The property, which dates back to 1985, was 100% leased at the time of sale.
WASHINGTON, DC-After having joined forces to survey disclosure practices in mortgage-backed securities markets, the US Department of the Treasury, the Securities and Exchange Commission, and the Office of Federal Housing Enterprise Oversight release a study with suggestions for improvements.
BASTROP, TX-At completion, Chestnut Square will have a four-screen theater, 16 bowling lanes, 3,755-sf arcade, 5,000-sf room for staging events and a food court. The center is based on a concept of American Family Entertainment Centers.
PHILADELPHIA-New York-based One Penn Associates, LP, which purchased the 20-story, 650,000-sf, 73-year-old Art Deco gem last summer, assigns leasing to the local office of the New York-based brokerage firm. One Penn is upgrading mechanical systems and refurbishing the fagade.
ORLANDO-Inland Real Estate Acquisitions Inc. of Oak Brook, IL paid $9.15 million or $83.99 per sf for the 18-year-old, 108,944-sf shopping center at the northeast corner of Aloma Avenue and Howell Branch Road in suburban Orlando.
NEW YORK CITY-The Department of Education has occupied the 12-story property since 1939, but most employees have since been relocated to the newly refurbished Tweed Courthouse in Lower Manhattan.
WASHINGTON, DC-In the presentation of his FY 2004 national budget, President Bush brings some good news and some bad news to members of the construction industry, and the Associated General Contractors of America poise themselves to face down lawmakers on some sticking points.
TUKWILA, WA-Portland, OR-based MBK Northwest sells 450,000 sf of Parkway SuperCenter--a 700,000-sf collection of big box, power center retailers and restaurants--to New York-based KIMCO Realty Corp.
LONDON-The advent of guarantees and turnover leases has done much to attract new investors to the market. That's the conclusion of Jones Lang LaSalle Hotels' latest report, Changing Ownership Structures.