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SAN DIEGO, CA-In a move to increase its bio-tech holdings, Tte Washington, DC-based office owner pays $24.6 million to CRVP Partners for Carroll Vista Center. The fully leased complex consists of one biotech building and two office facilities.
MOODY'S COMMENTS ON LODGING REITS' REVISED EARNINGS GUIDANCE FOR THIRD QUARTER 2002 New York City, October 02, 2002 -- Moody's Investors Service commented…
MIAMI-The 30,537-sf, 95%-leased property in North Fort Myers, FL, was sold at a 9.7% cap rate, just 12 days after it was listed to Robert Cheyney of Englewood, FL, for $3.3 million or $108 per sf. Volute Enterprises Inc. was the seller.
PHOENIX-With the highest number of vacant big boxes in the West, the Valley is fertile ground for discount retailers looking to tap middle-class dollars. Discounters are finding some sweet deals in the metro's upscale neighborhoods.
CHICAGO-Later this month, the U.S. government will auction a northeastern Wisconsin golf course formerly owned by Betty Loren-Maltese and five others recently convicted of robbing Cicero, IL, of millions.
SANTA ROSA, CA-Orchard Farms will pay $2,000 per acre per year to lease a 45-acre organic farm in Santa Rosa as part of the county's Small Farms Initiative to protect farms from collapsing due to high land costs.
CHICAGO-A new report by Northern Realty Group has confirmed what retail real estate observers already suspected, that the State Street/Wabash Avenue shopping district is in a funk.
BETHESDA, MD-Real estate investment trust Saul Centers Inc. closes a $125-million unsecured revolving credit facility. Saul plans to use the funds, which is an extension of a previous $70-million revolving credit facility, for acquisitions and redevelopment.
CHANDLER, AZ-The Arizona Heart Institute cuts the ribbon on its 12th location in the state. It is joined by a medical imaging lab and family practice in a 30,000-sf office building on the Chandler Regional Hospital campus.
HOUSTON-The 65,900-sf suburban office building lands tenants for 17,170 sf to nudge it close to the filled mark. Insurance Associates of the Southwest signed for 14,947 sf of One Woodbranch Center near the Energy Corridor.