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SACRAMENTO-The Highway 50 corridor has proven itself to be a hot commodity over the past few months, with buyers, including Opus West, snapping up properties in the area.
LONDON-Shopping malls continue to be the most sought-after UK property category, with investment turnover soaring to Pounds 792 million ($1.25 billion) in the third quarter of 2002.
DENVER-The fastest growing sandwich franchise in the US is opening a store in a Monterrey, Mexico shopping center, with plans to open four more stores in the country by year's end.
BOSTON-Santa Teresa Realty Trust nails down the financing of its acquisition of 23 border-industrial properties located primarily in New Mexico and Texas. Tremont Realty Trust's local office arranged the $55.1 million transaction.
PORTLAND-A public-private partnership of economic development professionals commissions a task force to review adopted and emerging economic development strategies from individual cities and synthesize the common elements for a region-wide approach.
HOBOKEN, NJ-Negotiations are said to be in the final stages for a new office tower and luxury hotel situated next to SJP Properties' new Waterfront Corporate Center. SJP is said to be part of the mix.
HOUSTON-The renovated 3815 Montrose is getting a software company added to its tenant line-up while nearby 3701 Kirby Dr. lands an outsourcing firm that specializes in human resources.
HOUSTON-Lone Star Ventures buys the 7 1/2-acre tract for a used car lot. The asset came to market when the Northwood Lincoln Dealership moved to the FM 1960 submarket. The seller had the holding on the market two months for $1.6 million.
PHILADELPHIA-After two tries, the state unloads Laurelton Center, a 52-building facility for the mentally handicapped 30 miles east of State College, PA. In lieu of cash, owners of Woodward Camp trade unspecified construction investments, future taxes and economic benefits worth $3.8 million.
ARLINGTON HEIGHTS, IL-Michael P. Holtz will acquire an 89-room AmeriHost Inn in Vicksburg, MS as well as a 64-room AmeriHost in Freeport, IL from his Arlington Hospitality, Inc. for $5.2 million, then get a year's salary of $325,000 and $58,000 bonus as severance.