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CHULA VISTA, CA-A 16-building complex in this South County community has been purchased in a deal valued at $12.4 million--and the marketing of the property is under way.
FRAMINGHAM, MA-National Development wants to build one of the town's largest residential developments here in a 170-acre former sand and gravel pit. The size of the project has convinced the town to ask the Newton-based developer to conduct a comprehensive traffic study on the impact of the project.
HOUSTON-Lend Lease is following its plan to buy, enhance and sell. The 363 North Belt office building in North Houston hits the sales block after three years of Lend Lease ownership. The 386,277-sf holding in North Houston is 86% occupied.
LONDON-Office rents in the major European cities were not immune from the global economic downturn during 2001. According to the latest world office rents survey from Insignia, sharp declines in rents in many North American office markets in the first half of 2001 spread to parts of Europe and Asia in the second half of the year.
AUSTIN-The latest real estate value cycles report puts Austin at the forefront for value-driven investors in office, multifamily and hotel sectors. The state capital's bright spot is the hotel market, predicting a dramatic occupancy rise in the coming years.
MATTAPOISETT, MA-The town's zoning board of appeals denies an application to develop a 100-unit residential complex here when one of the developers drops out of the project. The plan was to have an affordable housing component so the remaining developer can appeal the decision to the state.
OLIVIA, MN-The 22,000-sf assisted living facility being developed by WAI/Continuum will include a full-service kitchen providing residents with three meals a day in a community dining room, among other amenities.
RICHMOND, VA-The 23,700-sf structure that houses the local US Drug Enforcement Agency office sells for $2.25 million. A Class B building built in 1989, the structure was once home to the local Federal Bureau of Investigation office.
LONDON-Office rents in the major European cities were not immune from the global economic downturn during 2001. According to the latest world office rents survey from Insignia, sharp declines in rents in many North American office markets in the first half of 2001 spread to parts of Europe and Asia in the second half of the year.