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COLUMBUS, OH-The retail REIT, in the midst of shedding community centers such as Georgesville Square here and single-tenant properties, gets $81 per sf. Gross proceeds are $3.7 million as the buyer assumed underlying debt.
ROSEVILLE, CA-The redevelopment project consisted of demolishing older buildings, remodeling parts of the existing city hall and improving the downtown area. Approximately 18,000-sf of existing space was remodeled and an additional 63,000-sf was created.
BALTIMORE, MD-Johns Hopkins Bayview Research Campus's 101,400-sf Triad Technology Center sells in a $21.5 million deal. Wolverine Holdings Corp. takes on ownership of the 14-year old laboratory building.
PORTLAND-The 55-year, $4-million lease deal for the 23 acres on which it will be built was reported on GlobeSt.com in December. The transaction closed two weeks ago. The $20-millionproject is being financed by Multi-Employer Property Trust, a $3 billion union trades pension fund.
ANAHEIM, CA-Orange-based Win-Dor acquires an industrial building located within the Orangewood Stadium Business Park. It is one of three facilities that have recently sold here.
LOS ANGELES-"By managing direct, it is easier to consolidate vendors and supplies for economies of scale, producing lower operating costs," says Jeffrey Dritley, managing partner of Kearny Real Estate Co.
LONDON-Occupier demand for commercial property is undoubtedly softer. <I>UK Quarterly Market Beat</I>, Healey & Baker's latest review of the UK market, holds mixed news for those looking to property as a bellwether of the wider economy
STOCKHOLM-Catella Property Consultants reports impressive growth for the fifth consecutive year. Revenues of 67.5 million-EURO ($59.1 million) are up 13% on 2000.
AURORA, IL-Hyundai Motor America is buying 19.65 acres in the 185-acre Prime Aurora Business Park for a 350,800-sf parts distribution center in a deal worth an estimated $17 million.
WASHINGTON, DC-The 18-year-old, 393,000-sf office structure at 1615 L St. sells to Silver Spring, MD's Halle Cos. MGP Real Estate shed the asset as part of its expansion into the office and warehouse markets.