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NEW YORK CITY- The United Arab Emirates, the African Union and the American University of Beirut each purchase a floor at 3 Dag Hammarskjold Plaza in the United Nations District. Asking prices for the space range from $415 to $500 per sf.
DEARBORN, MI-An Arab-American group trying to raise money to build a health center, a youth center and a museum in this Detroit suburb to serve a population expected to grow to 500,000 by the end of the decade.
SAN ANTONIO-The Iron Horse Valley Apartments along the high-traffic Loop 410 is scheduled to close Nov. 30, confirms a source close to the deal. The 8.23-acre property is assessed at $5.4 million.
VALENCIA, CA-Land sales were the major contributor to large jumps in revenue and income for the third quarter at Newhall Land and Farming Co.; demand for industrial land remains low.
WALPOLE, MA-Big Y plans to enter the eastern Massachusetts grocery market, which is already crowded with stores, with a 63,500-sf supermarket on Route 1A. This will be the Springfield, MA-based chain's 50th store and its 27th in the state.
SEATTLE-A flat rental market in 2002 has yet to deter developers, according to a recently released survey by RealFacts, the multifamily data specialists. About 5% of the rental housing inventory has been built in the past two years, although the report's statistics suggest that the market has had difficulty in absorbing all the new units.
PICO RIVERA, CA-Total Warehousing leases the space at Robertson Properties Group's new Pacific Gateway Business Park in a seven-year, $5.9 million deal. The Pico Rivera facility is an expansion for the company, which is based in Phoenix.
LOS ANGELES, CA-In a step toward building its industrial brokerage capabilities, the company names Colliers Seeley veteran Scott Heaton as co-leader of its industrial team. Heaton is the latest in a series of moves by brokers and brokerage executives in Southern California.
MIAMI-The 87,000-sf, $4.2 million facility in nearby Hialeah Gardens, FL, is scheduled to be completed next spring. It will consolidate four plants out of which the company currently operates and increase space for the growing powerboat manufacturer.