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CITY OF COMMERCE, CA-The 58,750-sf building that housed the New jersey-based paint company's Southern California plant for 20 years sells for $3.3 million only a few weeks after going on the market.
HOUSTON-Stolt-Nielsen has put a fraction of its owner-occupied, class A office building on the market after scaling back staff and shipping some of them back to Rotterdam. The two-year-old building is situated in the city's smallest office submarket.
ORLANDO-The $8.63 million Orange County garnered in the first fiscal month of 2003 from tourists staying at the area's 113,000 hotel and motel rooms is 11.3% over the county's budgeted $7.76 million and tops September's $5.8 million.
CHICAGO-While the real estate advisory firm is seeking $1.2 million in fees following the dissolution of its three-year assignment, the former client seeks 100 times more for a questionable series sale-leasebacks and poor property management.
DENVER-Two brokerage reports put the average price of a condominium in this market at $172,034, 8% higher than November 2001, despite a near-record inventory of 5,820 unsold units. The results may be skewed by high-end sales, experts note.
CLEAR LAKE, TX-A German transport firm has signed a long-term lease for one of six class A buildings in Clear Lake. In the coming weeks, HOYER Odfjell will relocate into the Boeing Building from nearby Pasadena.
PALM SPRINGS, CA-The Agua Caliente Band of Cahuilla Indians broke ground today on the Spa Resort Casino in downtown Palm Springs, which will replace the existing spa and casino.
BOSTON-Martin Oliner's proposal to build a 215-unit residential project in the Charlestown Navy Yard gets approved by the Boston Redevelopment Authority. The developer's new proposal involves a 115-ft tower and a 95-ft tower--much smaller than original plans.
DETROIT-A four-year-old, $141-million voter-approved program designed for the rebuilding on once-contaminated properties is not doing its job, a think tank says, adding its objectives "are both unrealistic and unrealized.
PHILADELPHIA-The sale encompasses approximately 2.1 million sf and completes the Columbus, OH-based retail REIT's divestiture of a 22-asset portfolio for an aggregate price of more than $200 million. The initial 13 properties were sold on August 29 this year.