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MILAN-Specialist retail consultant GVA Collyer Coxhead, part of the GVA international network, is to open an office in Milan, Italy, initially to service a major letting instruction from the Spanish retail developer Neinver.
AKRON, OH-The largest mall in northeast Ohio includes Sears, Target and Dillard's as anchors. On the market is 369,650 sf of mall space plus the 125,821-sf Dillard's. Bankers Trust Co. of New York is selling after two years of ownership.
IRVINE, CA-The locally based developer has commenced construction of a 535-unit luxury apartment complex here. The project is rising on Carlson Avenue at Campus Drive.
FORT WORTH-MBS Realty beats out 15 others for a 23-year-old complex near Lockheed Martin in West Fort Worth. The property reportedly brings more than $31,000 per unit for a seller looking to trade up.
ORLANDO-Suburban pockets with strong population growth and large tracts (50 acres or more) to accommodate superstores and home improvement centers will be taking play away from most urban areas, predicts a new study by Orlando-based St. Joe Commercial.
DAVENPORT, IA-The insurer has moved 300 employees to the 80,000-sf office building in the Crow Valley Business Park, one of Sentry's six major offices in the US. Construction is complete in less than 11 months by Ryan Midwest's Design-Build Associates.
PARSIPPANY, NJ-The space, which became surplus after tenant International Home Foods was acquired by ConAgra, is going for 25% below current market rentals.
SEATTLE-Rising vacancies, falling rents and a prediction for net-out migration in Seattle this year. A study just released by Paragon Real Estate Advisors says the downtown apartment market may be overbuilt--for the first time ever.
LEEDS-Developer Munroe K has started construction of a new 25,000-sf office building at the White Rose Office Park, pre-let to the Inland Revenue. 72,000 sf has now been let at the park in the past nine months.