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PORTLAND-The owner and developer of office and flex-industrial space closes on $4.375 million in refinancing for its 33,847-sf Durham Office Center, which is 100% occupied. The 10-year loan was done at a 75% loan-to-value ratio.
NEWARK-The 466,919-sf class A One Gateway Center, part of a four-building, 2.3 million-sf mixed use complex, currently has 180,000 sf of office space available.
LONDON-ISIS Property has sold Friends Provident Life & Pensions' 83,712-sf interest in the Merry Hill Retail Park in Dudley, West Midlands to Legal & General for pounds 19.28 million ($30 million) representing an equivalent yield of 6.17%.
DETROIT-Fans of the local NFL team may be able to drown their sorrows next door at a new House of Blues venue at Ford Field if a deal for a 40,000-sf space is struck between the Los Angeles-based company and owners of the $500-million stadium.
CAMBRIDGE, MA-Cambridge Energy Research Associates leases 54,033 sf at 55 Cambridge Pkwy. The company, an independent energy research and advisory firm, is relocating from another Cambridge location.
CHICAGO-Equity Office Properties' Board of Trustees has promoted Richard D. Kincaid, a seven-year veteran of the company, to the position of president and trustee. Kincaid will also take over the role of CEO from Sam Zell in spring 2003.
SEATTLE-This week's groundbreaking ceremony signals the start of the first large mixed-income housing project built in the Central Area Urban Neighborhood in the last 30 years. The project is a joint development by Lorig Associates, LLC and the Central Area Development Association (CADA).
ORLANDO-Metro Orlando's 111-million-sf warehouse-distribution-flex space inventory is at a 10.5% vacancy level, up 0.74% from last quarter and 1.8% in third quarter 2001, a new Q3 ColliersArnold study shows.
LONDON-The owners of one of the capital's most prestigious squares have drawn up a master plan for its refurbishment at the cost of pounds one billion ($1.58 billion).
AUSTIN-The Arlington, TX-based restaurant chain should have its first area store open by year-end. Leasing continues for other pad sites at Three Points Centre at Interstate 35 and FM 1825.