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TINTON FALLS, NJ-What the Ohio-based company plans to do with the site hasn't been announced, but the fact that it owns 230 shopping centers in more than 40 states would seem to offer a clue.
LONDON-Computer security group Symantec has taken advantage of depressed property values in the Western Corridor to buy the freehold of Hines Meadow, a 54,094-sf office complex in Maidenhead, Berkshire.
WASHINGTON, DC-Law firm Morgan Lewis moves into its new 305,000-sf office space at 111 Pennsylvania Ave. The move comes six years after the deal was struck with building owners.
DETROIT-The oft-criticized Empowerment Zones will be subject of discussions with Mayor Kwame Kilpatrick next week. Residents will hear how the zones will boost economic development and improve neighborhoods.
ANAHEIM, CA-The Royce Co. acquires a 27,439-sf office property from Anaheim-based SMP LP. Built in 1977, the multitenant building stands two stories high.
ATLANTA-Georgia groups in Atlanta, Bremen, Griffin and Valdosta were among the recipients. The money is awarded based on the project's target demographics, economic diversity and the grant subsidy used per unit.
TAMPA, FL-With one million sf of sublease product available, property owners are offering concessions and competing fiercely for creditworthy tenants but aren't tying up leases for lengthy terms.
ORLANDO-Developer Robert "Bobby" Ginn has tied up 4,669 acres on three major projects at Magnolia Creek in Osceola County, Orlando International Airport and Pine Island in Lake County. Wal-Mart, Sam's and Lowe's are buying near Simon Property's 1.1 million-sf Seminole Towne Center Mall in Sanford, FL.
SPRING, TX-The 2001 attraction for small business owners to buy rather than lease rolls into 2002, sparking yet another sale in the Houston region. This time, it's a trio totaling 10,860 sf that came to market for $290,000 in the suburb of Spring.
SAN JOSE-Downtown San Jose's Camera Cinemas may have to close down if it is unable to reach a new lease agreement and secure a low-interest loan to renovate and expand its Camera 3 Theater. Negotiations have been slow in finding a mutually acceptable lease agreement.