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NEW YORK CITY-Long Island-based Cedar Income Fund Ltd. has agreed to purchase the supermarket-anchored Loyal Plaza Shopping Center in Williamsport, PA for roughly $18.3 million.
FREDERICKSBURG, TX-The town of Fredericksburg, a favorite with Hill Country tourists, breaks ground on an 8,000-sf building to tout its many attractions. The idea is to provide a showcase to encourage longer stays.
DALLAS-Triad Dallas Properties yesterday escaped the auctioneer's block when its West Coast lender issued a temporary stay. An insider tells GlobeSt.com that the building owner is hoping for more good news today.
SEATTLE, WA-The first quarter of 2002 saw vacancies rise in Puget Sound's industrial real estate. The severity of damage sustained varied widely sub-market to sub-market, but Northend to Pierce County the results were the same, higher vacancy rates.
ORLANDO-The vacation rentals and timeshare booking service is adding 498 condominium units to its management/marketing portfolio with the signing of Maesbury Homes Inc.'s 116 rental condos on Lake Davenport. The value of the contract wasn't disclosed.
DENVER-Despite a sales volume 35% lower than 2000, the average price per unit for class A sales involving 50 or more units that closed in 2001 rises 8.5% to $79,066. Prices for smaller developments rise 16.7% to $57,899.
PORTLAND-The Denmark-based manufacturer of wind-powered turbines intends to develop a 700,000-sf complex on 113-acres in the Port of Portland's Rivergate Industrial District. Meantime, the company is negotiating for temporary office space Downtown near its project designer, Portland-based Industrial Design & Construction.
MIDDLETOWN, NJ-Two of Markel Insurance Co.'s divisions will relocate to the build-to-suit facility from separate locations here and in nearby Red Bank, NJ.
TRENTON, NJ-Local officials hope the full-service facility, along with a successful minor league baseball stadium, a revamped amphitheater and other new attractions will all add up to a real rebirth for this long-distressed capital city.
YPSILANTI TOWNSHIP, MI-This growing township is benefiting by residential growth and commercial development in neighboring cities, but it plans to create two busy thoroughfares along Michigan Avenue and Ecorse Road.