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PHILADELPHIA-The discount apparel retailer moves into the former JC Penney location adjacent to Galleria II on Market Street in Center City. It follows a 30,000-sf Old Navy lease, which took Galleria II to 85% occupancy.
VANCOUVER, WA-Wells Fargo, which paid $825,000 for the 1.03-acre parcel, will develop a retail bank on the site. The site is located within Killian Pacific's four-corner Fisher's Terrace development located at the confluence of Southeast 34th and 192nd in East Vancouver.
REDLANDS, CA-American Realty Advisors, a Glendale, Calif.-based investment advisory firm, sells the 68-unit building after buying it out of foreclosure and renovating, rolling rents and retenanting the facility.
RESTON, VA-Plaza America Tower IV gets another tenant with law firm Harness, Dickey & Pierce's lease of 16,000 sf of space in the seven-story, 189,500-sf building. Space in Tower IV--which is part of 1.2 million-sf Plaza America office complex--leases from $33 per sf.
NEW YORK CITY-The long-aborning sale of the 1 million-sf 1177 Avenue of the Americas building is finally a done deal. A joint venture of German and American investors has purchased the 47-story property from cash-strapped Japanese contractor Kumagai Gumi.
DENVER-No submarket was able to cut its office vacancy rate in the third quarter, according to a report from the local Trammell Crow office. Direct vacancy rises nearly a full percentage point to 15.8%.
MIAMI-If the $170 million project gets approval from the city of Hollywood, FL, next week, the development would consist of 250 condominium units, 12,000 sf of retail, 7,000 sf of restaurant space and a 332-space parking garage.
HOUSTON-The plan is to complete some minor renovations before scouting the market for a tenant for 10010 Gulf Freeway, a two-acre tract holding a 25-year-old industrial building. The property carries a 2002 assessment of $741,000.
TACOMA, WA-Crews working on the $120.7 million Tacoma Convention and Trade Center complete demolition and site preparation. City officials are set to vote on a proposed $63.2 million construction agreement.
DENVER-Although the average price of a Denver area condominium fell 3% from August to $165,466, that is more than $10,000 higher than the September 2001 average, according to a report by Coldwell Banker Residential Brokerage.