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BURNSVILLE, MN-The privately-owned value chain based in Plymouth, MN, has grown to 15 stores. A new store opens here and in Detroit Lakes, MN as well as Fargo, ND.
GRAPEVINE, TX-A city permit for freight forwarding leverages an Oakmont Industrial Group project for a five-year signing with Panalpina. Others are talking serious business now that the permit's in hand.
KANSAS CITY-The deal marks the completion of GC Cos.' bankruptcy reorganization plan. AMC Entertainment plans to rename the 66 theaters it is acquiring in the deal to its name.
LONDON-An undisclosed developer has come up with a plan for a 190,000-sf office building on the site of the former Carlsberg-Tetley Brewery at Peffermill.
NORTHRIDGE, CA-Union Bank of California has leased office space at 9100-9110 Tampa Ave. from Franson & Horowitz. The value of the seven-year lease is in excess of $1.1 million.
HOUSTON-Alan R. Kofoed becomes the new vice president of construction while Tracy Pursell is cast in the role of director of investor relations. In light of the REIT's activities of the past year, Kofoed will be especially busy.
MCLEAN, VA-The only automotive REIT in the country announces it has closed $87 million worth of property acquisitions in the first quarter of the year. The deal includes 14 fully properties with lease terms that average almost 16 years in length.
NEW YORK CITY-The locally based REIT continues to refine its "buy, improve and sell" strategy with the sale of two apartment communities, one in Tallahassee, FL and the other in Meriden, CT.
ATLANTA-A 100,087-sf office building has moved from Technology Park/Atlanta Inc. into the hands of locally based Wells Real Estate Investment Trust. The four-story, seven-month-old suburban property is fully leased to Novartis Corp. through July 2011.
PHOENIX-Car Guys releases an occupied 22,806-sf vehicle repair facility along 43rd Avenue to a Mesa-based investment group. A second transaction sews up another retail location for Sleep America.