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SAN DIEGO-According to a recent report on the region by Colliers International, the investment market throughout San Diego County has been hit with a hot new trend of converting apartment properties into condominium complexes.
BOSTON- Locally-based Westbrook Hotel Partners IV, LLC acquires 13 hotel properties from Dallas-based Wyndham International Inc. for $448 million. The companies closed on 11 of the properties and expect to close on the last two by the end of the month.
RAHWAY, NJ-The steel fabrication company, which provides specialty products for large-scale projects, will use the space to expand its manufacturing operations.
LONDON-Denver-based ProLogis, the world's largest industrial REIT, will develop two build-to-suit distribution facilities for Ahold Polska for a total of 614,618 sf in Piotrksw and Bedzin, two key Polish distribution markets.
SAN ANTONIO-A recent report from UBS Warburg suggests San Antonio may be one of several cities looking at decreased convention business. That could very well pan out since there was just a slight uptick in October's comparison to October 2001.
GREENWICH, CT-Urstadt Biddle Properties Inc. reports it has signed a $41-million contract to acquire a 185,000-sf shopping center property in the Westchester/Fairfield County area.
MIAMI-The entity is planning to put up to 1 million sf of retail space and thousands of residential units on the 56-acre Buena Vista rail yards tract of land it just purchased for $34.5 million from Florida East Coast Railway LLC.
PHILADELPHIA-The recently opened Lehigh Valley office of the Princeton, NJ-based broker will market 9755 Commerce Circle, a warehouse/distribution facility in New Smithville, PA, owned in joint- venture by Bethlehem, PA-based Arcadia Properties and Parsippany, NJ-based Prudential Real Estate Investors.
ORLANDO-The senior financial analyst at Cushman & Wakefield's Apartment Group takes the leadership gavel from Dawn St. Clair, the outgoing president of the 70-member chapter of the national network.
NEW YORK CITY-At an event held here late last week, ProLogis revealed that its recent acquisitions and leases totaling more than 1 million sf of Czech Republic industrial property is just the tip of the iceberg in its expansion strategy regarding soon-to-become members of the European Union.