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LISBON-The European shopping center developer sells its headquarters building here, leasing back its office space. The complex also includes a retail mall anchored by a Modelo Bonjour supermarket.
CRYSTAL LAKE, IL-The 52,599-sf building at 800 Cog Circle is changed from a home improvement store to one that can accommodate the sporting goods chain, which signs a long-term net lease to pave the way for a sale.
SANTA CLARITA, CA-The newly built, 53,500-sf center sells for $212 per sf at a 9.1% cap rate to a buyer from Texas. The center is leased to a mix of regional and national credit tenants and was 95% occupied at the time of the sale.
SEATTLE-The change would give the owners of a property near Gasworks Park an extra 20 feet with which to build a four-story structure with 6,804 sf of ground-floor retail, 54 apartment units and underground parking for 92 vehicles.
CHICAGO-Not only was a foreclosure auction involving a one-third stake in Prime Group Realty Trust proper, a counterclaim seeking $150-million in damages is without merit, a Delaware court rules.
LONDON-Despite stable rents for warehouses around Heathrow, the area maintains its record for the world's most expensive industrial rents. A new report looks at prospects for UK airports.
SAN DIEGO-The real estate investment trust on Monday says it expects consolidated earnings for the fourth quarter to substantially surpass previous earnings guidance. The company's share price is up nearly 25% on the news.
GREELEY, CO-The Jacksonville, FL-based grocery-anchored shopping center REIT has sold 11 acres to Target Corp. for a 125,400-sf store at its CenterPlace project and has lined up Safeway for a 58,000-sf location.
FORT WORTH-AmeriSouth puts up $2.5 million, with plans to kick in $3,500 per unit in upgrades, for the Taj Mahal, once considered the most luxurious complex in Fort Worth. The buyer-seller history edges the deal across the finish line.
LOS ANGELES, CA-Owner FSC Kingsley Associates obtains the refinancing loan from Archon Financial. The 103-unit property was built in 1985 and recently renovated. It was 98% leased at the time of the sale.