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TACOMA, WA-In an effort to facilitate the purchase of the historic Albers Mill building, city officials this week will consider floating money from their Community Development Block Grant funds. The money would be earmarked to help buy the building and assist with historic preservation costs.
KENNETT SQUARE, PA-The healthcare REIT gets $3.1 million to from Wachovia Bank pay off an earlier bank credit facility with a Deutsche Bank subsidiary, but it can borrow up to $7.5 million subject to lender approval.
LOS ANGELES, CA-The market has maintained stable vacancy rates despite the weaker economy, but rent growth slowed in the second quarter and demand was lackluster, according to a quarterly study by Hendricks & Partners.
LONDON-Marylebone Warwick Balfour has bought the remaining 50% stake in lifestyle hotel group Malmaison and the management contract for pounds 13 million ($20 million).
HOUSTON-Trinity Hardwood Distributors gets a 26,856-sf structure and Robison Properties, an 18,216-sf design. The Business Center at Blalock buildings bring in about $60 per sf for seller Vantage Cos.
PHOENIX-Today's underlying theme boils down to building safety. In the post-Sept. 11 world, new security plans are in place, terrorist insurance is being demanded at some levels and the owner-tenant relationship is at new highs.
NATIONAL CITY, CA-Located in the 300 block of National City Boulevard, the former Helig-Meyers Furniture Store will be partially occupied by the San Diego Leather Factory.
BEND, OR-The owners of the Redmond, Ore.-based -microbrewery are seeking permits to develop a 6,000-sf "brew lodge" that skiers will pass first on their way back from Mount Bachelor ski resort. It would be the fourth eating and drinking establishment by Cascade Lakes in Central Oregon.
MIAMI-The Miami-based law firm will pay more than $32 per sf to occupy 12,200 sf of office space in the well-known, premier project Boca Center, Tower 2.
CLARKSBURG, MD-American Health Assistance Foundation relocates its headquarters from Rockville with the completion of its new 33,000-sf home in Montgomery County's Gateway 270 Office Park. Developer Manekin LLC spent $3.5 million to construct the building, and AHAF will lease the property from Manekin.