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CHICAGO-New Jersey-based Chelsea increases its presence in the Upper Midwest with the acquisition of two outlet malls, one in the Twin Cities market, another that serves the Milwaukee and Madison metro areas.
LONDON-The latest figures from the Office for National Statistics show that UK institutions have reduced their commitment to property during the first half of this year. Institutions have been net disinvestors in property for three of the last four quarters.
SEATTLE-Doing business as Washington Holdings, the former president and senior vice president of Lowe Enterprises say they recently reached agreement to acquire Lowe's role at five Seattle-area properties, and will be assuming Lowe's office space in Downtown Seattle.
ORLANDO-The north Lake County city of 16,000 permanent residents is adding the 900,000-sf Lake Square Mall and the two million-sf Lake-Sumter Community College campus, along with 90 other commercial/retail properties, to its existing size of 24 square miles or 15,360 acres.
VANCOUVER, WA-A 6,250-sf former West Coast Bank retail store on a half-acre lot in Downtown Vancouver sells to Polygon Northwest Co. The sellers were West Coast bank, which owned the building, and private investors, which owned the land.
DALLAS-The fully leased Scyene Village in East Dallas sells to the highest bidder after sitting on the market for six months. Two commercial properties in Mesquite and Flower Mound also trade in a round of deals.
DENVER-WilsonThorn Properties Inc. is on the door, the only change in the company led by partners George Thorn and Doug Wilson. Development will still be pursued through Mile High Development LLC.
DAVIS, CA-In search of some sales tax revenue, the City of Davis is interested in a large retail project near the University of California's branch campus, and Opus West is all over it.
ORLANDO-The Ocala, FL-based general contractor is building a $7.5 million clubhouse and sales center along with a $3.14 million swim/fitness facility at the master planned golf course community of Palencia being created by the Houston developer in northern St. Johns County near Jacksonville, FL.
AUSTIN-Finer Living Distributors, a supplier of exterior residential products, leases 11,520 sf for three years. The new location doubles the firm's space and comes with a 2,200-sf showroom. Move-in is set for Oct 15.