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CHARLOTTE-The Atlanta-based homebuilder continues its non-traditional marketing efforts, announcing a partnership with Concord Mills. The homebuilder will operate and staff a sales kiosk in the Concord, NC-based mall.
MESA, AZ-The land's in hand and now the plan is to design a 50,000-sf building at Commons Industrial Park, says the buyer's broker. Air Specialty Products has just acquired a 56,300-sf industrial plot to advance the plan.
HILLSBORO, OR-Goodwill Industries of the Columbia-Willamette paid $3.9 million for the 88,000-sf building on seven acres at 2920 SW 234th Ave. It will be utilized as a new Goodwill Outlet Store and Distribution Center.
STRATFORD, CT-Boston Fitness Management Group affiliate Stratford Fitness Center Inc. will open a club at the 160,000-sf neighborhood shopping center. The 12-and-a-half-year lease is valued at $2.6 million.
PHILADELPHIA-Excavation begins on the new baseball-only venue. The 43,000-seat, natural-grass venue has been configured to give maximize views of the city skyline. First pitch will be thrown in 2004.
SAN ANTONIO-English and Continental Development breaks ground what it says will end a 40-year streak of no new retail projects in the southeast submarket. The 64,000-sf project goes hand-in-hand with an under-construction, 204,000-sf Wal-Mart Supercenter.
PHOENIX-Local retailers are the driving force behind metro Phoenix's strong 2001 close and 2002 outlook, says an exec for CB Richard Ellis. Some 70% of big box space vacated by national retailers was absorbed in Q4 2001.
TACOMA, WA-Colliers International says of the industrial market, "it will get worse before it gets better." And, its predictions call for another two quarters of decline followed by a slow "U" shaped recovery, starting in the middle of 2002.
CHICAGO-Prime Group Realty Trust's board of trustees decline to accept letters of resignation from chairman Michael W. Reschke and CEO Richard S. Curto, which were delivered by Paramus, NJ-based Vornado Realty Trust.
DALLAS-Precedent Equities in Dallas pays cash for vacant medical buildings totaling 155,000 sf in Plano and DeSoto from opportunity fund partner, Crescent. It's an opportunity that's not part of the duo's $100-million pool for niche acquisitions.