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FT. WORTH-Rivertown Manufacturing is unpacking at its just acquired industrial building in Ft. Worth's eastern corridor. The building, positioned on 1.7 acres, was vacant for nine months and carried a $985,000 asking price.
SAN FRANCISCO-Bob Gilley, who with partner and executive director Jeff Congdon dominated the Northern California office market for Cushman & Wakefield over the past few years, will head Insignia/ESG's new Bay Area investment sales and financing division.
FLORHAM PARK, NJ-The financial services firm moves ahead with its plans despite its parent company's displacement from its Lower Manhattan offices after Sept. 11.
LEE'S SUMMIT, MO-The new $29-million, 432-unit project is a nice fit for AMLI Residential's portfolio of primarily newer multifamily rental projects. The Western and Southern Life Insurance Co. and Eagle Realty Group are partners.
LAS VEGAS-Steven Molasky, a prominent Las Vegas developer, rolls out an investment op to provide low risk, maximum return for private investors. The OneCap funding pool, available to builders and developers, reportedly can fetch returns of 11% to 20%.
LONDON-New research from property consultant DTZ shows that institutions reduced their holdings in commercial property during the third quarter of 2001--the first quarterly decrease since 1998.
GROVELAND, FL-The $12 million, 121,392-sf distribution center at the 500-acre Christopher C. Ford Industrial Park in south Lake County is rescheduling the facility's opening date to February after re-designing the building. A December opening had been scheduled.
DENVER-The food and textile ingredient manufacturer is moving from Bellevue, WA into office space at 7094 S. Revere Pkwy., where it currently has its food ingredient division. The firm's current CEO won't make the move.
JOHNSTOWN, PA-The shopping center REIT uses most of the 10-year loan to prepay existing debt on Capital City mall in Harrisburg, leaving $9.1 million in net proceeds.