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LONDON-Barclays Bank has put its 314,000-sf headquarters at 54 Lombard Street in the City up for sale with a 190 million-pounds ($270 million) price tag. Cushman & Wakefield Healey & Baker and Atis Real Weatheralls have won the sale instruction.
SAN JOSE-The Palladium Company, a New York developer, says it is pulling out of a 3.7-million-sf project in Downtown San Jose because of the continuing sluggish performance by both the regional and national economies.
SAN FRANCISCO-Gray Davis' support, which follows endorsements from the City's Board of Supervisors and Mayor Willie Brown, was the last hurdle the committee needed to clear before the U.S. Olympic Committee Site Evaluation Task Force conducts its final visit of the San Francisco site proposal July 14 and 15.
SALEM, OR-Sportsman's Warehouse, a Utah-based sporting goods chain, leases part of a 104,000-sf former HomeBase building on Lancaster Drive that has been vacant for more than a year.
ATLANTA-First quarter numbers reveal that the city's retail sector has softened following a period of growth in the late '90s. Expect power centers to take a further beating this year, while the Southeast's darling-grocery-anchored centers-will continue to perform relatively well.
ATLANTA-Neal Golden, Bert Sanders and Patrick Duffy have resigned from the local office of Julien J. Studley, a New York-based commercial real estate brokerage. A potential leadership change within the company prompted the spate of resignations, GlobeSt.com learns.
WOODINVILLE, WA-A Northwest nursery and garden center decides to sell its 5,000-sf Seattle Garden Center location in the heart of Pike Place Market. The plan is to concentrate on the company's flagship store here.
NEW YORK CITY-New findings released on GlobeSt.com reveal that an increasingly profitable REIT market coupled with private-local investment are acting as a catalyst for all markets, finally raising the green flag for investors. Additionally, CMBS actually outperformed corporate bonds, while the manufacturing index has finally begun its upturn after a 1.5-year slump.
NEW YORK CITY-The UK-based sandwich-shop chain signs new deals with an aggregate value of nearly $7 million and plans to have between 16 and 20 stores operating in Manhattan by the end of 2002.
SIMI VALLEY, CA-Milgard Manufacturing, Inc., a window and door manufacturer, signs a 10-year lease agreement for a 237,266-sf industrial building here owned by PEGH Investments LLC.