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RANCHO DOMINGUEZ, CA-The Anaba Group has purchased the industrial facility here from IMACC Properties, LP. The acquisition represents a four-four expansion for the company's headquarters.
TEMECULA, CA-County supervisors will weigh a plan next week by Price Legacy Corp. to build a Wal-Mart store and other retail facilities near Vail Ranch.
NEW YORK CITY- Kipp/Stawski Group is buying the properties, which run north along the avenue from the corner of 42nd Street. A building in excess of 400,000 sf is said to be planned for the site.
BALTIMORE, MD-Public Storage Inc. opens its new 99,700-sf facility in the 500-acre Carroll Camden Industrial Park area at the facility's recent grand opening celebration. The three-story property underwent an $8 million upgrade and now houses 726 units of storage space.
ARLINGTON, TX-Lehman Brothers puts up first mortgage capital for the long-time owner, an LP controlled by Today Realty Advisors. The 10-year loan, with a 70% LTV, comes at a 7.46% interest rate for the 92%-occupied center.
BALTIMORE, MD-The $70-million residential and retail project called Centerpoint gets underway with an official groundbreaking ceremony. Upon its expected 2004 completion, the development will encompass nearly 400 residential units, 35,000 sf of retail space, and a 400-space parking garage.
KEARNY, NJ-The bottled water purveyor will distribute its Perrier, San Pellegrino, Poland Springs and other brands to the Northern New Jersey region from the location.
DALLAS-Commercial property owners in Dallas, if they didn't, should have appealed 2002 assessments, say most pros polled by GlobeSt.com. The proposed valuations are up an average of 10.23%, unlike rent and occupancy.
MIAMI-The former vice president/international finance for Boca Raton, FL-based QOS Labs joins a locally based, privately owned development company completing its 70th year in business in South Florida.
PORTLAND-Ed McNamara, hired by the Housing Authority to direct redevelopment of the city's largest public housing project, says too much administrative work is prompting him to leave at the end of this month and start his own development business.