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CRANBURY, NJ-The UK-based Strategic Real Estate Advisors adds the massive 886,747-sf warehouse/distribution facility, 100% occupied by Pearson Education, to its growing worldwide portfolio.
CHANNELVIEW, TX-Deep Down, a supplier for the marine industry, takes advantage of low interest rates to fulfill a long-held plan to own its location. The firm takes the deed to the site it leased a year ago.
CHINO, CA-Inland Community Church acquires four industrial buildings totaling more than 41,000 sf for nearly $2 million. Two buildings not previously leased by the church will be converted into a sanctuary, a fellowship hall, classrooms and offices.
ATLANTA-The 322,000-sf shopping center in Tucker, GA is the sole remaining property standing in the way of the Oak Brook, IL-based REIT's liquidation plan, announced on Jan. 5, 2001. The initial July 17, 2002 closing is extended to Sept. 30.
RICHMOND, VA-The Richmond Society to Prevent Cruelty to Animals debuts its new local headquarters with the opening of the $14-million Robins-Starr Humane Center. The 64,000-sf complex on Hermitage Road is the organization's first state-of-the-art-facility and will serve as a model for SPCA buildings to come.
DENVER-Permits for multifamily rental units fall 57% during the first seven months of the year compared to the same time in 2001. That signals supply and demand will be held in check, experts say.
MIAMI-Ronald Tutor, head of one of the nation's largest general contracting firms, sold the 16,000-sf property to Terry Taylor and his wife, Cynthia. Terry Taylor is president of Fort Lauderdale-based Automotive Management Services.
YONKERS, NY-Homes For America Holdings, Inc. broke ground on Wednesday on a $12 million, 70,000-sf office building that will serve as the real estate firm's corporate headquarters.
AUSTIN-Triple Net Properties of Santa Ana picks up the ball after a deal fell out for a 75,000-sf office building in the southwest submarket. The buyer, though new to Austin, owns several properties in San Antonio.