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BOSTON-A mid-year corporate forecast predicts that rents in the area will drop slightly and then stay flat through next year. The area is predicted to remain a tenant's market well into 2003.
CHICAGO-CenterPoint Properties Trust's 436,224-sf International Produce Market, believed to be the largest of its kind in the US, approaches a summer opening with Itasca, IL-based FCL Builders, Inc. working on tenant build-outs.
UNION CITY, NJ-The transaction involving the 550-unit Hanrock portfolio, situated in West New York and Union City in Hudson County, was arranged by investment sale broker Gebroe-Hammer.
ROUND ROCK, TX-A new logo and tagline are part of a branding effort to push Round Rock's desirability to the business community. It's already home to some corporate giants, but it's looking for more with the initiative.
RIO GRANDE VALLEY, TX-Southwest Housing Development of Dallas has secured $29 million, of which $13.3 million will finance construction of 174 units in Harlingen and 146 units in Brownsville. New York City's Related Capital provides the funds.
LONDON-The Prudential has purchased the freehold of the 98,422-sf Whitbread plc warehouse at Acre Road, Reading from Hermes Property Unit Trust for Pounds 9.725 million ($14.17 million) showing a yield of 7.6%.
STEAMBOAT SPRINGS, CO-American Skiing Co. Resort Properties Inc. admits in a Securities & Exchange Commission filing that it is in default on a $63.4-million loan owed to Fleet National Bank and other lenders.
HAMILTON TWP., NJ-The 91,474-sf complex, which will serve the Princeton area, is the fourth one completed for the overnight delivery service by J.G. Petrucci Co.
LONDON-House prices continue their inexorable climb, rising at the fastest rate for two and a half years says the RICS in its latest housing market survey.