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LONDON-A panel appointed by the Singapore Government has said industrial land prices should be kept as low as possible to ensure manufacturing competitiveness.
ROCKVILLE, MD-Sonic Automotive finds just what its looking for and pays $5 million for a 2.23-acre land parcel at 1125 Rockville Pike. The car retailer will redevelop the plot for the expansion of its Lexus of Rockville dealership, located at 15501 Frederick Rd.
TUCSON-The University of Arizona Science and Technology Park has earmarked about 25.6 acres for the project. The plan, for now, calls for 150 room and about 50,000 sf of flex conference center space.
AUBURN HILLS, MI-Finding their current quarters in Troy too cramped, Delmia Corp. joins GMAC at the 120,000-sf office building at 900 N. Squirrel Rd., taking occupancy at Koll Development Co.'s asset to 85%.
NEW YORK CITY-KFC, Domino's Pizza and Dunkin' Donuts sign a total of nine leases for new stores in Brooklyn, the Bronx and Queens. Aggregate value of the leases is more than $10 million. NAI Friedland Realty Inc. represented the tenant in all the transactions.
HOUSTON-Waldo Business Park has just signed a lease that will fill Building Three of the four-building park. The broker on the deal says the area is "tight" and expects Building Four to be occupied soon.
MIAMI-The new agents' focus will include a loft project, commercial sales and leasing, condominiums and luxury waterfront homes. This is the most recent growth for the Miami Beach-based real estate brokerage, which also recently opened a second office.
DALLAS-The 48-unit O'Connor Place is acquired by a Dallas multifamily owner who knows about repositioning. The 50%-leased complex sells on its pro forma instead of its occupancy. Now, the work begins.
CEDAR PARK, TX-The electorate turns a cold shoulder to the facility, which was backed by economic development officials as a shot in the arm for this Williamson County city. An $8.6-million bond issue would have cost homeowners $25 a year.