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MIAMI-The 969-acre parcel in Lee and Collier counties topped the list of the top five commercial land deals in Southwest Florida this year, as recently reported by Coldwell Banker Commercial NRT.
CHICAGO-An entity formed by Elzie L. Higginbottom's Eastlake Management and Development plans to add 25,000 sf of new retail space within a restored landmark building at the southeast corner of 35th Street and King Drive by the middle of 2004.
NEW YORK CITY-The world-famous museum has abandoned an ambitious plan to build a 575,000-sf branch in Lower Manhattan. Museum officials blamed the economy for scuttling the Frank Gehry-designed project.
NEW YORK CITY-In addition to buying more than 400,000 sf of office space in Illinois and South Carolina, the REIT has signed a new retail tenant and closed the books on a $10-million loan. Company officials say the decks are cleared for $200 million in '03 acquisitions.
IRVING, TX-The Atlanta-based Internet marketplace will relocate in January to 122 W. Carpenter Freeway from 1425 Greenway in a move that triples the tenant's office space and boosts the class A building's occupancy to 88%.
GREENWICH, CT-In one of the highest price-per-sf office building sales in Fairfield County history, an investment-banking firm has acquired Two Soundview Dr., a 37,864-sf office building here, for $17.25 million.
LONDON-Shopping centres and retail outlets saw an 11.3% decrease in shopper numbers on Christmas Eve but an 8.6% increase on Boxing Day (26 December) this year compared to the same days in 2001, according to figures released by the FootFall Index.
LONDON-FPDSavills Residential Research Department predicts that average UK house prices are set to grow by 12% during the next 12 months. Growth in the prime UK housing markets will be much weaker with capital values in prime Central London expected to rise by just 4% over 2003.
LONDON-Shopping centres and retail outlets saw an 11.3% decrease in shopper numbers on Christmas Eve but an 8.6% increase on Boxing Day (26 December) this year compared to the same days in 2001, according to figures released by the FootFall Index.