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DALY CITY, CA-The mixed-use property in Daly City is acquired by a joint venture that includes Seagate Properties Inc. The complex contains more than 94,000-sf of office space and nearly 80,000-sf of retail and restaurant space. It is 96% leased.
LONDON-Resolution Property is on the acquisitions trail after a new cash injection from its long term institutional backer Warburg Pincus. Its first purchase is a portfolio of five retail parks in Sweden.
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.
LONDON-Resolution Property is on the acquisitions trail after a new cash injection from its long term institutional backer Warburg Pincus. Its first purchase is a portfolio of five retail parks in Sweden.
HIAWATHA, KS-The 44-unit, six building complex has a net rentable area of more than 37,000 sf and was 90% occupied in October, according to HUD, which took the property back in foreclosure.
VAIL, CO-Adam Aron, chairman and CEO of Vail Resorts Inc., tips his cap to the company's real estate group, which nearly triples its revenues from earlier than expected property sales.
PHOENIX-Baja Fresh heads to a Scottsdale center at the junction of Frank Lloyd Wright Boulevard and Thompson Peak Parkway. For NYPD Pizza, it's going to the fast-growing suburb of Chandler and into a Westcor property along Chandler Boulevard.
CHULA VISTA, CA-Westwood Financial Corp. has acquired a 43,471-sf neighborhood shopping center anchored by Vons and Rite Aid in a deal valued at $9.9 million. Included in the offering are Blockbuster Video, H & R Block, Allstate Insurance, Fantastic Sam's, and Cal Fed Bank.
THE WOODLANDS, TX-A May closing is planned for the sale of Venture Tech II at 3200 Research Forest Dr. and Venture Tech III at 8701 New Trails Dr. The two tech-office buildings, totaling about 100,000 sf, are 85% occupied.
SPRINGFIELD, NJ-The San Francisco-based investment and development firm makes its entry into the New Jersey market with the Union County acquisition and has a war chest loaded for more.