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DENVER-The Tiffany Plaza Shopping Center and adjoining Hampden Executive Office Plaza sell to Chandelle Properties, which sees a 20,000-sf space vacated by Loehmann's as a development opportunity. An upscale grocery store is being eyed.
KILDEER, IL-The Atrium Garden Center--a 21,000-sf store and 28,560-sf greenhouse--will replace the Old Mill Garden Center, used by two local fire departments for a training exercise in August.
NORFALK, VA-Wal-Mart Real Estate Business Trust makes plans to convert its 114,500-sf Military Road store to a 220,000-sf supercenter with the recent acquisition of nearly eight acres at the Janaf Shopping Center. The space had been home to a General Cinema complex.
MIAMI-Bennett, who owns his own company--Real Estate Investment Strategies--specializes in the sale of offices and land and is expanding into multifamily properties in South Florida. He will operate as an independent broker and affiliate of Sperry Van Ness.
TACOMA, WA-Some of the city's public buildings could be getting new monikers in the near future. City officials will decide today if they will offer naming rights for the Tacoma Dome, the new Greater Tacoma Convention and Trade Center and Cheney Stadium.
BLOOMFIELD HILLS, MI-The mall REIT, currently the target of a takeover bid by retail giant Simon Property Group of Indianapolis, says its dividend represents the seventh consecutive annual increase.
WESTMONT, IL-A 21,056-sf property in the Oak Grove Centre of Commerce in Downers Grove sells for more than $1.5 million while a 16,003-sf building in the Madison Business Park in Willowbrook sells for $1.3 million.
SAN FRANCISCO-The national property listing service releases the latest iteration of its online marketing product, wherein listings can be hyperlinked to the clients Web site, which can enhanced with customizable, branded property search and results screens.
LONDON-Newport Holdings has added to its portfolio with the pounds 5.6 million ($8.8 million) purchase of Dolphin House in St Helier, Jersey, in the Channel Islands. The 18,654-sf building is leased to NatWest Bank.
BLOOMFIELD HILLS, MI-The REIT files a motion to dismiss a lawsuit by Simon Property Group Inc. and stop the retail giant's takeover bid of Taubman. The company plans to fight Simon's attempt to call a special shareholders meeting.