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SCHAUMBURG, IL-Terrorism coverage is obtained by co-owners General Motors Investment Management Corp. and the California Public Employees Retirement System, paving the way for a 10-year loan just under 7% from Morgan Stanley Dean Witter.
IRVINGTON, VA-The 50-year old Tides Inn debuts after a six-month, $12 million renovation project. Upgrades were made to the five restaurants and the 13,000-sf of meeting space in the 106-room inn, located on a 480-acre parcel on Chesapeake Bay.
BAYTOWN, TX-Bayer's 1,500-acre campus, situated 30 miles east of Houston, will get its second office building, a 60,000-sf twin to its administrative building. The keys will be turned over in October.
HOUSTON-The retailer takes inline space at Inwood Central in Houston's northwest submarket and Cullen Plaza in the southern sector. The new deals take Houston to eight locations in a 215-store portfolio.
NEW YORK CITY-No reports of terrorism are coming from the scene at West 19th Street, which is reeling now from an explosion that injured as many as 50 people.
CHICAGO-The lack of acquisition opportunities will likely turn First Industrial Realty Trust, Inc. into a net seller this year. Meanwhile, Indianapolis-based Duke Realty Corp.'s executives see signs the imbalance may be shifting.
MIAMI-The Fort Lauderdale, FL-based architectural firm elevates Victor Yue and Regis Korba who have a combined 50 years of industry experience. Fort Lauderdale is 25 miles north of Downtown Miami.
LONDON-Prices of houses and flats in prime central London continue to soar. Research by FPDSavills shows that they have tripled in the last eight years
METHUEN, MA-Lend Lease Real Estate Investments Inc. purchases The Loop, a 338,034 grocery-anchored retail center. The purchase was made on behalf of a pension fund client for an undisclosed amount.