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CARLSTADT, NJ-The 80,000-sf asset, located in the Meadowlands region, is the partnership's second buy in the market in the last several weeks. Keystone Property Trust of West Conshohocken, PA and joint venture partner CalEast Industrial Investors made the purchase.
WILSONVILLE, OR-WCM acquires the 138,432-sf building at 27708 S.W. Parkway from Gerding Edlen Development Co. as part of the agreement wherein GED developed the building and negotiated a long-term lease to InFocus for the firm's corporate headquarters before selling it to WCM.
CHICAGO-Average sales prices for hotel and retail properties jump 54% and 30%, respectively, over the first quarter, according to the CCIM/Landauer Investment Trends Quarterly. Meanwhile, an average capitalization rate of 9.5% is down just 9% from the 1995 mark.
NEW YORK CITY-The publicly owned REIT makes its third industrial play with an acquisition in the Walden Commerce Exchange Industrial Park in Cheektowaga, NY. This building is currently under a 10-year net lease with FedEx Ground Package System Inc.
NEW YORK CITY-And they gave our thoughts--concerning the LMDC's exceeding slowness in producing even a viable redevelopment plan--almost unanimous thumbs up. The most appropriate way to honor all whom we lost in the attacks--the editorial argued--was to pursue redevelopment actively and aggressively.
HOUSTON-Office, industrial and retail projects collateralize the 10-year loans through the Portland, OR lender. Harwin Partners gets the largest amount, $1.4 million, for a 44,671-sf state office building.
MIAMI-CEO Jackson will replace initial company investor H. Wayne Huizenga, who will retire at the end of the year. AutoNation has 28 auto dealerships in South Florida.
S&P Raises, Afms First Bstn Mtg Sec Corp 1993-M1 Rtgs NEW YORK (Standard & Poor's) Sept. 19, 2002--Standard & Poor's Ratings Services today…
FORT WORTH-The newest spot will be 9,900 sf at Lake Worth Center in Fort Worth. The discount variety retailer will open its doors just months before it takes the keys to a 603,000-sf distribution center going up across the Texas-Oklahoma border.
ORLANDO-The world's largest casual seafood dining chain (1,216 restaurants) has about 25 Smokey Bones outlets, 12 Red Lobsters and five Bahama Breezes on the drawing boards for fiscal 2003, company chairman Joe R. Lee tells shareholders.