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WASHINGTON, DC-The 145,000-sf data center at 1501 N. Capitol St., SW sells for $6.2 million to U-Haul affiliate Five-Sac. The new owners will use the facility as a self-storage and truck and rental location.
CHICAGO-More than 247,000 sf of retail space, as well as nearly 24 acres of underlying land, goes on the auction block next month when six city and suburban Jewel and Osco stores, among 77 being sold throughout the US, go on the auction block.
DALLAS-HQ Global Workplaces says recent office shutdowns, employee cuts and inventory slashes have positioned the Dallas-based company to successfully emerge from a Chapter 11. It's uncertain at this time if any more of the 3,000 offices will close.
DENVER-Once again, Denver's office rates are bargain basement compared to the rest of the world, as Grubb & Ellis and Knight Frank find only seven cities with lower space costs.
ORLANDO-The 500 homes and apartment units at the former 1,100-acre Orlando Naval Training Center are expected to average $200,000 each for estimated gross sales of $100 million. Penny Pritzker heads the residential/commercial arm of the family's business.
CANNES-The US executive director of the Corfac network of affiliated property brokers says that the real estate business lags behind professions such as law and accountancy, and that US property professionals trail their European counterparts
CANTON, MA-Bankrupt men's clothing retailer Casual Male, based here, is selling its Work 'n Gear business to Sandy Point LLC. Work 'n Gear has 11 stores in the state.
MIAMI-The locally based general contractor will break ground in April with completion in early 2004 on the $83 million, 28-story, 235-unit Hamptons South condominiums on the Intercoastal Waterway in Aventura, FL, 10 miles north of Downtown Miami.
DALLAS-Texas and the rest of the Southwest made Top 10 rankings in each category under Integra Realty Resources' microscope. The firm's Texas leaders say the positioning came as no particular surprise.
PEMBROKE PINES, FL-The 51-year-old, locally based Power 1 Credit Union plans an April ground-breaking on its three-story, 60,000-sf headquarters building on 4.57 acres at Interstate 75 and Sheridan Street here, 25 miles north of Downtown Miami.