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LAKELAND, FL-The largest employee-owned supermarket chain in the country posted net earnings of $530.4 million, duplicating its 2000 performance. Stores open at least a year boosted their sales by 3.2%.
NEW YORK CITY-The sale, which closed yesterday, adds a 27-story Skidmore, Owings and Merrill-designed trophy building to Harbor Group's $800-million portfolio of multifamily, retail, industrial and office properties.
DENVER-"There are going to be wonderful opportunities. The gap has narrowed between the bid and the ask price," John Cushman III tells GlobeSt.com while meeting with clients and Cushman & Wakefield brokers.
TUSTIN, CA-The agreement will allow the city to redevelop the 1,600-acre former Marine Corps Air Station. The city plans to build properties here that will be suited for residential, business and recreational purposes.
IRVING, TX-Tenants like Lockheed Martin don't come along every day. Irving's Freeport Tech Center lands the premiere tenant for 14,496 sf in a five-year pact and ends a reported four-month for extra office space.
CHICAGO-A development group led by Smithfield Properties will add 84,500 sf of new retail space and 99 multifamily rental apartments in the L-shape building that surrounds the Hotel Burnham. It will buy the property for $12 million, about what the city is paying for it.
FRANKFURT-News that Germany is officially in recession ha added to the gloom surrounding the major office markets. Frankfurt, Hamburg and Munich saw near-record levels of take-up in 2001 but agents hold out little hope of a repeat performance in 2002.
AUSTIN-It's not the largest deal, but it still pulls 4,727 sf from Austin's sublease roster. Eagle Ward Rehab moves into Barton Oaks Plaza II. Plaza 7000 along North MoPac also gets a new medical tenant with a 3,014-sf signing.
WATERTOWN, MA-Arthur D. Little, the consulting firm that filed for bankruptcy protection a few months ago, asks the bankruptcy court to allow it to cancel its 365,000-sf lease here at the Arsenal on the Charles, a 770,000-sf office complex recently acquired by Harvard University.
MEMPHIS, TN-Locally based EPR Enterprises LLC gets the green light from elected officials of the DeSoto County planning commission to have the former 157-acre, Presley-owned Circle G Ranch in nearby Walls, MS, rezoned to planned unit development status so that it would become part of the 802-acre venture. Walls is 15 minutes from Graceland.