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CORSICANA, TX-An investment group has plans for Corsicana as well as its latest acquisition. A renovation is under way at the property bought at a recent auction. The selling price, though, was $450,000 less than the lowest offer from its listing period.
NORTHLAKE, IL-Freudenberg Household Products leases 254,000 sf at 505 Railroad Ave., which until last year was headquarters and warehouse for Dominick's Finer Foods, to consolidate its Roll-O-Matic Mop and Vileda cleaning products divisions.
CHICAGO-Add the south suburb to a list that already includes Rockford and Waukegan seeking to lure the riverboat casino some still believe is headed to northwest suburban Rosemont despite the Illinois Gaming Board's taking back the 10th license from Emerald Casino, Inc.
PRINCE FREDERICK, MD-A public-private partnership forms between the Calvert County Board of County Commissioners and the YMCA of Metropolitan Washington in an effort to develop a new YMCA family center on the 12-acre site known as the Old Fairgrounds Property.
BELLEVUE-Kmart's bankruptcy could hurt the owners of the sites where stores have closed down. Many Washington leases were put up for public auction, which leaves the owners little control over their properties. However, the owner of two former stores has reached a termination agreement that may save him this headache.
HOUSTON-The Arnold & Associates law firm will occupy 3,417 sf at 2401 Fountainview Dr. while MCS Technologies, a petroleum industry provider, will ease into 3,177 sf at 1220 Augusta Dr.
AUSTIN-Momenta Inc. gets its extra space in a move from the northwest submarket to the far northwest. Ear Specialists of Austin stays put along MoPac Expressway, but opts to boost its lease at Plaza 7000.
SAN FRANCISCO-According to Mayor Willie Brown, the need for affordable housing is a major one, considering San Francisco's sky-high real estate prices in the past decade.
CHICAGO-CCIM/Landauer Investment Trends Quarterly reports a sharp increase in first-quarter volume, with the average overall capitalization rate continuing to stick in single digits and the average deal topping $20 million.