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LONDON-Worsening market conditions may be hampering the troubled estate agency group Chesterton International's attempts to sell the business, according to the Chairman Peter Brooks statement to the company's AGM.
LONDON-Developer JG Bristol has been granted detailed planning permission for a 750,000-sf mixed-use redevelopment of the former Courage brewery site in the centre of Bristol.
SAN FRANCISCO-Several San Francisco Bay Area industrial buildings have been sold in deals that have a combined value of $18.3 million, and another $25 million transaction is pending.
LONDON-Investors are showing increasing concern at the poor performance of the office sector, according to a new report from CB Hillier Parker, which means that yields have stabilised after a long bull run. And the firm does not expect the occupational market to improve next year.
HOBOKEN, NJ-The city council was all set to approve a one-third smaller office tower, but bowed to critics who said the SJP complex was still too big for the block.
SAN ANTONIO-Cunningham Capital of California collects the check for the Merry Oak Apartments from a Colorado investor. The deal closed with a $3.72-million loan bearing a 10-year term and interest rate under 6%.
JERSEY CITY-The assignment includes the remaining available space at Lefrak's Newport Center here and SJP Properties' Waterfront Corporate Center in neighboring Hoboken.
PHILADELPHIA-Insurance giant Chubb & Son moves from One Liberty Place to 65,045 sf in the 38-year-old, 20-story office building at 1600 JFK Blvd. that was bought and renovated by Boston-based Leggat McCall in 2001.
MURPHY, TX-A North Texas franchisee breaks ground in December on an America's Country Store, a concept for horse lovers and the farm-and-home crowd. The site fronts a six-lane road project and backs up to a proposed shopping center.
FLORHAM PARK, NJ-The New York-based arm of the global investment group will announce later today that it has acquired three office buildings at 180 Park Ave. here from The Rockefeller Group for a price in excess of $110M. The 606,622-sf purchase was made in conjunction with Lincoln Equities Group, which will act as leasing agent and property manager for the assets.