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LONDON-With most of the world gearing up for a month long feast of football, the UK has another distraction in the form of the 50th anniversary of Queen Elizabeth II's coronation. A new report from King Sturge looks back at the way the property sector has changed since 1952.
ATLANTA-Locally based Barry Cos. bucks the tide in the depressed North Fulton market with a seven-year office lease for 67,207 sf at Deerfield Point 200 for a reported value of $9.5 million.
SAN DIEGO-Commercial markets have made it through the first part of the year pretty well considering the economic turmoil of late last year, according to a report released by Burnham Real Estate Services.
NEW YORK CITY-Brickman Real Estate Fund I LP launches with one acquisition nailed down and a three-year investment period. The firm's three principals and a group of "high-net-worth" investors formed the venture.
MIAMI-Chicago-based Willis Stein & Partners sold the asset to Barry Diller's company in a 50-50 cash-stock deal. USA projects Interval will generate 2003 revenue of $220 million and $60 million of EBITDA.
LONDON-With the 2002 World Cup only hours away in Japan and South Korea, Germany, the host in 2006, is looking to learn important lessons. But a new report from Jones Lang LaSalle warns that economic regeneration is not the main reason for bidding for the event.
DEERFIELD, IL-The finishing touch on the PrimeSource Center, one of two redevelopment projects in this North Shore suburb's Downtown, will be a lease on the remaining 3,400 sf of retail space.
HOUSTON-Lucky's, an arcade operator of gaming machines, doubles its retail needs after two months in the market. Meanwhile, Taiwan Tapoica is testing the waters with a pilot store at the Beechcrest Green center.
WHITE PLAINS-Reckson Associates Realty Corp. reports that it has secured 10 new leases totaling nearly 50,000 sf of space at its office properties in White Plains and Tarrytown.
WASHINGTON, DC-The historic Army and Navy Club Building sells for $37.4 million to Chicago's Equity Office Properties Trust. Formerly the property of Dutch Metal Workers Pension Fund, the 100% leased, 170,000-sf structure is home to the 117-year-old club, as well as business tenants.