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ORLANDO-Sitting on the shores of Tampa Bay, the 130,000-sf, 99%-leased property was sold by Atlanta-based Watkins Group to Sun Point LLC for $4.75 million. The property is across the bay from St. Petersburg, FL and 80 miles west of Downtown Orlando.
SAN DIEGO-A planned smart-growth development strategy that includes a series of "village" centers tied together by transit systems will get a hearing before the planning commission in the near future.
LONDON-A consortium including Helical Bar, Morley Fund Management and private developer GHP Group has been selected as the preferred bidder for the 10.3-acre Dairy Crest site fronting the A40 Westway at Wood Lane, London W12.
LONDON-A private Irish investor has paid Pounds 13.475 million ($21 million) for 87,000 sf of offices at Merry Hill in Dudley, West Midlands. The two buildings are both let to the UK government and the sale reflects a 7.14% yield.
LA PALMA, CA-Automatic Data Processing Inc., part of Roseland, N.J.-based ADP's dealer services group, renews for five years in 37,904 sf at Arden Realty's 597,000-sf Centerpointe La Palma project.
PORTLAND-After another year of the doldrums, renewed growth is expected to arrive a little less than a year from now, according to a just-released mid-year report by Insignia/ESG, setting the stage for a steady rebound through the second half of 2003.
DALLAS-One analyst, based on preliminary feedback from the appeals circuit, reports success by protesting building owners. The Dallas Central Appraisal District's working through appeals as a result of an average 6.2% assessment hike in 10 submarkets.
WHITE PLAINS-A plan to build a $265-million biomedical research and cancer treatment facility on the grounds of New York-Presbyterian Hospital could be voted on by the White Plains Common Council in a few weeks.