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TETERBORO, NJ-The automaker will occupy the facility for another 18 months under its sale-leaseback agreement with AMB Property Corp. The sale price was just under $32 million.
TACOMA, WA-Nob Hill Apartments, located at 3502 South Mason St., sells for $3.6 million. The 88-unit apartment community was bought by a Colorado corporation.
MIAMI-Occupancy is at 65.8%, down 9.6% from last year while average daily room rates are down 6.8% to $113.72 because of a slow economy, fewer foreign tourist and fear of terrorism, Smith Travel Research of Hendersonville, TN says in a new report.
SANTEE, CA-Hartford Insurance will employ approximately 600 people at the eventual call center, a build-to-suit project it expects to occupy in May 2003. The lease deal is valued at $9.2 million.
LONDON-Total property lending to property companies is continuing to reach new highs, with Pounds 76.85 billion ($120 billion) now outstanding. The figure is up by Pounds 13.3 billion ($20 billion) in a year.
ORLANDO-The late get-rich-quick promoter of the 1970s to 1990s once owned millions in Orlando area commercial realty properties but when he died at 57 in 1998, he owed $86 million but had only $2.8 million that creditors could trace.
VIRGINIA BEACH, VA-Lynnhaven Mall's $100 million makeover nears completion with the opening of Dillard's new 180,000-sf store. The Little Rock, AR-based retailer had occupied a 120,000-sf space in the 21-year-old, 1.3 million-sf shopping center since 1998.
THE WOODLANDS, TX-Effective Sept. 18, Michael Richmond steps down as president and CEO. He's been with the team for three decades in various roles. The plan is to retire, but still help out with some real estate projects.
HOUSTON-The law firm of O'Donnell, Ferebee & McGonigal weighed a move after spending more than 10 years in the same building. Connecticut General gets a short-term renewal from the 8,498-sf tenant.
TIGARD, OR-The in-house team at Wyse Investment Services Company raises $5.7 million in three and a half weeks to purchase the 86,676-sf class A office property here, which sold for $12.7 million. The team recruited capital from 21 investors, principally local.