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FORT WORTH-Cadence McShane is working under a 5 1/2-month schedule to deliver a $4.7-million parts distribution center for Ford Motor Co. Developer Catellus Development Corp. has Ford signed to four such projects in three states.
MINNEAPOLIS-The decision adds fuel to a preservationist movement that might affect plans for a $93-million expansion at the Walker Art Center. Designation will not necessarily save the 29-year-old building.
ATLANTA-The road to recovery for this city's multifamily market appears to be a long one, Bernard Haddigan, managing director/regional manager, Marcus & Millichap, Atlanta, tells GlobeSt.com. A lack of new jobs has softened demand, leading some local experts to believe an upturn may not occur for another 12 months.
DANBURY, CT-Regional retailer Marty Shoes has expanded its presence in the Nutmeg State with two new stores in Danbury and Bridgeport, reports Chase Commercial/TCN Worldwide, which brokered both lease transactions.
NEW YORK CITY-The Columbus, OH retail REIT unloads Georgesville Square community shopping center for $19.6 million. The buyer also assumes $15.9 million in mortgage debt on the property.
PRESCOTT, AZ-Kid Toys will open its doors in a 5,723-sf spot at the 154,000-sf outdoor village component to the 615,000-sf Prescott Gateway Mall. The retailer joins a tenant roster with Dillards, Barnes & Noble and Michaels.
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
AUSTIN-Iron Mountain expands its presence at the ProLogis-owned Montopolis Distribution Center in the state capital's southeast submarket. The firm has been in Austin for nearly four years as a result of an acquisition.
SAUSALITO, CA-Some say that this could happen only in California: a $7.8-million police and fire building proposal has been rejected because Sausalito residents are afraid it will destroy the town's Feng Shui.
AUSTIN-The brokerage community is well aware that location will be the saving grace for many of the Kmart stores ticketed for shutdown. Though classified as underperformers by the bankrupt chain, some are in excellent position for re-leasing.