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JACKSON, MI-The upscale department store chain must generate cash to pay creditors in bankruptcy. That makes 23 properties ranging from 30,000 sf to 230,000 sf available through Hilco Real Estate of Northbrook, IL.
LONDON-A joint venture between housebuilders Galliford Try and the Wiggins Group has emerged as the successful bidder for 44 acres of the former Fairfield Hospital site near Letchworth, Bedfordshire which has planning permission for 850 new homes.
ORLANDO-In one of Central Florida's biggest commercial real estate deals in the last 20 years, the Birmingham, AL-based developer acquired 996,000 rentable sf of 95%-leased, class A product in eight buildings at the trophy 370-acre Heathrow International Business Center and 102 acres of adjoining developable land in an all-cash transaction.
PHILADELPHIA-In a three-property transaction, Newton, IA-based Maytag Corp. breaks ground on a 390,000-sf, build-to-suit distribution center in Scranton, PA and acquires a leasehold interest on a 230,000-sf property in Pittston,
ORLANDO-In the last 14 months, Jim Michalak, senior director in the brokerage's Tampa office, has closed 13 shopping center deals totaling 1.66 million sf valued at $128.4 million and averaging $9.88 million per deal. Cap rates are down and power centers are back in demand, Michalak says.
LONDON-Quintain, which is leading the consortium that took over London's Millennium Dome, is looking to repeat the trick at Wembley, where it has just bought 44 acres surrounding the proposed new National Stadium.
SAN FRANCISCO-The San Francisco 49ers were given the right to sell advertising for Candlestick Park but supervisors voted not to give the team naming rights for the stadium.
PHOENIX-The 31,046-sf lease is valued at nearly $1.9 million over its term. Come September, the close-out retailer unlocks the doors at South Mountain Plaza, a 105,000-sf locally owned center in Phoenix.
LONDON-A joint venture between housebuilders Galliford Try and the Wiggins Group has emerged as the successful bidder for 44 acres of the former Fairfield Hospital site near Letchworth, Bedfordshire which has planning permission for 850 new homes.
SAN DIEGO-Dismissing the concerns of building industry officials, the council votes 7-2 to support new rules for multifamily developers that call for big fees if projects do not have an affordable housing component.