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LONDON-The UK's fourth and fifth biggest food retailers are to merge in a pounds 2.5 billion takeover of Safeway by William Morrison. But rival bidders could yet soil the neat arrangement.
ORLANDO-Although the 1.3-million-sf Mall at Millenia stole retail headlines in late 2002, the limelight for 2003 and 2004 will be at the western end of the 49-million-sf market, according to a new analysis by Colliers Arnold Real Estate Services Co.
DENVER-The 22-story building with 745,925 sf catches the attention of the Denver Newspaper Agency, which likely could take one-third the space for the Rocky Mountain News and Denver Post.
SAN BRUNO, CA-Against the backdrop of an uncertain economy, TMG Partners and Regis Homes this morning are launching construction of this city's largest master-planned project, a $300 million mixed-use development on former Navy land.
PHILADELPHIA-William Russell, a 20-year real estate veteran, moves from Wilmington, DE-based WRR3 Realty Corp. to Smith Mack's investment sales division, based in Wayne, PA. The Philadelphia Chamber of Commerce presents
ATLANTA-The deal for the 14-building, 300,000-sf, 88%-leased property on Hammond Drive is expected to close this quarter, area brokers tell GlobeSt.com. The estimated price is $15 million, or about $50 per sf.
HAWTHORNE, CA-Michael Stars Inc. makes T-shirts sold in top department stores. It signs a $2 million lease to expand into a 42,000-sf building that will serve as its headquarters and distribution facility.
BOSTON-The Blackstone Group and Walton Street Capital sell Mellon Financial Center at One Boston Place to One Boston Place Real Estate Investment Trust. Industry sources tell GlobeSt.com that the selling price for the 41-story building was in the $260 to $265 million range.
TACOMA, WA-The Port of Tacoma plans to build the largest single container terminal north of Los Angeles as well as the largest construction project in the Port's 85-year history, for Evergreen Marine Corp., a Taiwan-based global carrier.
SEATTLE-Colliers Macaulay Nicolls finds its next president of corporate property services in David Passaglia, most recently Senior Managing Director for Grubb & Ellis' Corporate Services Group.