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LAKEWOOD, CO-The Hawaiian company pays Archon Group LLC $4.5 million for a building 100% occupied by State Farm Insurance for the past five years and is looking for more acquisitions in the Denver market.
ALEXANDRIA, VA-Animators at Law and Animators.com double their office space with a move into the high-tech wired building at 814 King St. in Old Town Alexandria. The company will occupy 4,800 sf, an entire floor of the 18,000-sf building.
LONDON-House price rises accelerated rapidly in January according to the RICS housing market survey for England and Wales for three months to January 2002.
HAINES CITY, FL-The 30-year-old, 1,000-acre, picture postcard property, 50 miles south of Downtown Orlando, will shut down tomorrow (Feb. 22) after its foreign owners voluntary filed a Chapter 7 liquidation petition with the U.S. Bankruptcy Court in Tampa. Liabilities are expected to exceed $50 million.
EWING TWP., NJ-American Furniture Design, which first took space at the 359,000-sf Trenton-area complex in 1999, will bump its presence up to nearly 17,600 sf.
SANTA MONICA, CA-The action charges that the publicly traded real estate investment trust violated the federal securities laws by issuing a series of materially false and misleading statements that had the effect of artificially inflating the market price of the company's securities.
NEW YORK CITY-It's not enough to rebuild Downtown, Deputy Mayor Daniel Doctoroff said yesterday as Cushman & Wakefield made its 2002 economic forecast. It's an opportunity to build a true 24/7 environment. But market equilibrium is at least three years away.
AUSTIN-Stratus Properties takes a $226,000 hit in the 2001 fourth quarter, but comes out ahead for the year. Profit equated to 48 cents per share while net income tallied $3.9 million for the Austin-based real estate firm.
PELHAM MANOR, NY-Discount retailer A.J. Wright has taken occupancy of a 23,813-sf store at Pelham Plaza, a large community shopping center located near the Westchester-Bronx border, according to Levin Management Corp., which brokered the deal.
LAKE FOREST, CA-An electronic component distributor acquires the 37,520-sf Lake Forest facility and plans to open a new branch here. Encompassing 37,520 sf, the building stands at 20662 Prism Place in the Dimension Business Park.