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NEW YORK CITY-A city-owned parcel in Washington Heights will be redeveloped by E.T. Management & Realty as a five-story parking structure with 11,000 sf of ground-floor retail space. Price tag is $11.5 million.
ORLANDO-Watkins Development Co. of Atlanta sold the eight-year-old, 99,172-sf, 100%-leased shopping center near the University of Central Florida campus to Melbourne Shopping Centers Inc. of West Palm Beach, FL, for $10.86 million.
SAN FRANCISCO-The Old U.S. Mint has been a vacant piece of real estate for many years, but San Francisco officials are looking to possibly transform it into a new museum and visitor's center.
SACRAMENTO-Along with 27 others around the country, five California equity management firms--responsible for more than $3.3 million--see their equity management contracts with CalPERS renewed.
BRIDGEPORT, NJ -The properties, all located in two South Jersey industrial parks, total 3.1 million sf. Colorado PERA is the buyer, and the seller will continue to develop and manage the assets while retaining 25% ownership.
LONDON-Prime rents in London's West End are set to rise in 2004, following a stabilisation in 2003. Despite recent gloomy comments about global recession from Chancellor Gordon Brown, the King Sturge West End report for 2002, quarter 3, is upbeat
CHICAGO-Rendered obsolete by the opening of CenterPoint Properties Trust's Chicago International Produce Market, the South Water Market is for sale. Newcastle Limited expects residential redevelopment to replace the 1 million sf of industrial space at Racine Avenue and 14th Place.
PHILADELPHIA-Locals who eagerly await former mayor Ed Rendell's ascendancy to the governor's mansion find they already have a friend in Harrisburg. Soon-to-be-former Gov. Mark Schweiker, a native son, handed out seven- and eight-figure checks to fund cultural projects here.
WYTHEVILLE, VA-The Pepsi Bottling Group Inc. chooses Virginia over West Virginia for the site of a new 300,000-sf, $65-million bottling plant. Site work on the facility is already under way.