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LONDON-Universties Superannuation Scheme has raised pounds 37.7 million ($62 million) with the sale of a prime retail investment in Chester to Scottish Mutual Assurance.
MESA, AZ-A California investment group takes proceeds from a 1031 Exchange of multifamily assets in its home state to acquire the 86-unit Mesa Terrace Apartments, a 30%-occupied, value-add property.
WHITE PLAINS-Starwood Hotels & Resorts Worldwide Inc., the owner of Sheraton and Westin hotel chains, reports that its fourth quarter revenue shot up 12% and revenue per available room soared nearly 10% in the last three months.
VANCOUVER, WA-Currently located in half as much space in Clackamas, the custom injection molder inks a 10-year deal at the Port of Vancouver. The company expects to expand to 36,000-sf building within four years.
SAN ANTONIO-LB Investments leases 2,075 sf in the Acacia Building, a 45%-occupied suburban office building at 7551 Callaghan Rd. in San Antonio. Transwestern Commercial Services negotiated the pact.
WASHINGTON, DC-Oncor International makes a move to beef up its mid-western presence with the recent appointment of Huff Commercial Group as its new Cincinnati-area affiliate. Huff replaces the Miller Valentine Group.
BOYNTON BEACH, FL-The $26.45 million, 312-unit luxury market-rate rental community here is scheduled to be finished by March. Alliance Construction began work on the 13-building complex, which is 50% occupied and 60% leased, in October 2001.