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SAN FRANCISCO-After reviewing the Final Presidio Trust Management Plan, which was released in May, the Presidio Trust board of directors unanimously signs off on the document.
SEATTLE-As expected, an appeal has been filed on the 50-unit low-income housing project, to be located at the corner of Denny Way and Eastlake Avenue, a couple of blocks south of REI's flagship store and across an alley from a new Marriott hotel.
PHILADELPHIA-Two suburban sales confirm brokers' reports that low interest rates and a soft market offer opportunities. For $350,000, a Broomall, PA service provider turns from renting to owning. A Conshohocken, PA investor finds space for under $300,000 to renovate.
NOVI, MI-The German automotive exhaust system design firm's facility will act as North American headquarters. It will include a prototype shop and a test laboratory building.
ORLANDO-Carroll Fulmer, president, Carroll Fulmer Logistics Corp., Orlando plans to break ground in October on a 23-acre industrial site in neighboring south Lake County, adjacent to the county's 90%-sold-out Christopher C. Ford Industrial Park in Groveland, FL.
WHITE PLAINS-GHP Office Realty reports that, in spite of uncertain economic conditions in the region, it recorded robust leasing and renewal activity at its two million-sf portfolio of properties in the New York metropolitan area.
The economy was slowly beginning to recover from a shallow recession in third quarter of 2001. The World Trade Center terrorist attack then drove the economy…
ATLANTA-The locally based firm leases the building at 120 North Royal Woods Court in Stone Mountain Industrial Park. The average asking rate in the Stone Mountain, GA submarket is $3.85 per sf, giving the lease an estimated valaue of $3.23 million, area brokers tell GlobeSt.com.
MIAMI-The planned 28-unit, three-story, 80,000-sf Parc Lofts in the city's performing arts district will offer 1,500-sf to 4,200-sf units from $275,000 to $1 million in a 47-year-old industrial building that formerly housed an electric company and the Miami Public School Board.