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CANNES-More than 700 German companies have come to MIPIM this year, and they are hungry for business. The open-ended funds are the ones likely to walk away with the biggest deals.
ATLANTA-JDN Realty faces an annual rent loss of about $329,000 at its 86,470-sf property in suburban Stockbridge, GA, 10 miles south of Downtown. The Troy, MI-based retailer plans to close 12 statewide stores.
TILLAMOOK, OR- The Trust for Public Land uses $970,000 from an anonymous donor to purchase the Kilchis Point parcel along Tillamook Bay and then donates it to a museum foundation.
DENVER-State Ed Perlmutter tells a Smart Growth forum hosted by Denver-based Direct Quest there are 47 different lobbying groups on growth and land issues making their pitches to legislators.
PLACENTIA, CA-The 18-unit property, known as Center Street Apartments, sells to private investors for $1.5 million. Such are the deals that have kept brokers busy lately.
LONDON-Developer Bell Hammer has finished the last building on Shire Park in Welwyn Garden City, Hertfordshire. The 35,190-sf office is the largest speculative office building to be developed in the town for more than a decade
JERSEY CITY-In three separate transactions, the prescription and over-the-counter drugmaker has boosted its new headquarters presence at Harborside Financial Center.
NEW YORK CITY- Fred Alger Management lost more than half its New York staff on Sept. 11 but a comprehensive disaster recovery plan allowed survivors to keep the complex business moving from a well-maintained backup facility.
BOSTON-The city council considers legal action against the Boston Redevelopment Authority for taking possession of Hayward Place, a 37,380-sf parcel here in Chinatown. The property is considered a valuable piece of real estate worth up to $23 million.
SOUTH ORANGE COUNTY, CA- Following a slight dip in December, the South Orange County office market has experienced a rise in vacancy for the second month in a row. The figure now stands 18.28%