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LONDON-Hermes has transferred 7.6 acres of land to Arlington at Aztec West, Bristol. It did the deal to enable it to carry out the construction of a 135,000-sf office scheme for mobile telecoms operator Orange.
SEATTLE, WA-In its 2002 forecast, Grubb & Ellis predicts real estate investors will continue to look beyond the feeble economy, which is expected to reverse well-before the end of a traditional real estate holding period. But available product may be insufficient to satisfy demand.
ORLANDO-The 25-year-old Corporate Investment International broker will receive her Certified Business Intermediary designation at the International Business Brokers Association's biannual June conference in New Orleans.
VANCOUVER, WA-The 2001 year-end market as surveyed by Norris, Beggs & Simpson shows a 10.2% direct vacancy rate at year-end. Sublease space pushes the figure to more than 12%, but the class A vacancy rate remains in single digits at 9%.
STAFFORD, VA-Pet owners in this southern region of Virginia welcome the area's first Petco with the grand opening of a 12,000-sf Petco Millennium Store over the weekend.
LONDON-Standard Life Investments has come up with final designs for its highly-sensitive Juxon House development on Ludgate Hill in the City. The building is next to Sir Christopher Wren's historic West Front of St Paul's Cathedral.
EDINBURGH-Friends Ivory & Sime Property Asset Management has sold the 130,000-sf Craigleith retail centre to the Henderson UK Retail Warehouse Fund to show a yield thought to be close to 5.75%.
CHICAGO-The joint venture deal between Oak Brook, IL-based CenterPoint Properties Trust and Ford Motor Land Development Corp. is inked even while the automaker looks to shed space elsewhere.
DENVER-The industrial and retail sectors are the best places to be this year, industry experts at an economic briefing sponsored by the Denver Metropolitan Commercial Association of Realtors say, while multifamily and office professionals can expect another tough year.
LONDON-Borders Books & Music has opened a new 50,000-sf distribution facility at St Columb Major in Cornwall to allow it to expand its UK chain from the current 12 stores. Five new store openings are planned for 2002.