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PHILADELPHIA-Eight of the 12 Tastykake thrift stores closed by the locally based baking company this weekend are at shopping centers in Pennsylvania, including Progress Plaza in North Philly and Grand Plaza II northeast of the city.
NEW YORK CITY-The Jacob Jacob Reingold Pavilion, part of the Hebrew Home for the Aged at Riverdale, is a 120,000-sf, five-story building that will house 170 residents in single-occupancy rooms beginning in late fall 2004.
MIAMI-The Cushman & Wakefield year-end office overview also showed leasing activity was up slightly in the county, and investors purchased office properties there amid a slowdown in the stock market.
BALTIMORE, MD-The Baltimore Development Corp. gets approval from the County Board of Estimates to assist in the massive $14-million upgrade of Belvedere Square shopping center. Owners of the 16-year-old 101,000-sf retail property hope the renovation will restore the center's original popularity.
LONDON-Real estate fund manager Heitman has launched its second European real estate fund. Heitman Central European Property Partners II will, like its predecessor, target opportunities in central Europe.
RANCHO CUCAMONGA, CA-The sale of the 87,403-sf shopping complex to an Encino-based LLC is being touted as one of this year's Top 10 shopping center deals in the Inland Empire. The state of the market is how the deal ended up in the Top 10.
EAST MEMPHIS-Together, the two apartment communities comprise 309 units. The seller is Chicago's Equity Residential Properties. CLK Realty in New York City purchased the properties.
EAST RUTHERFORD, NJ-The NFL team, which would like the 2008 Super Bowl to come to Giants Stadium, hopes to add some heft, literally, to the developers' Xanadu project, which would replace the adjacent Continental Airlines Arena.
LONDON-Acquisitive developer Hammerson has added to its landbank with the pounds 63 million ($100 million) purchase of RT Group Developments, formerly the property arm of the failed privatised rail infrastructure company Railtrack. The deal gives Hammerson a stake in up to 20 million sf of new development.
ANAHEIM, CA-The commercial and residential property lender stays in Anaheim, but kicks in an expansion by signing two five-year leases, totaling $8 million, for office space in two buildings in Pacificenter Catellus Business Park.