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WALNUT CREEK, CA-Colliers will handle leasing arrangements for the 200,000-sf development, an Invesco-owned property whose anchors include Safeway and Rite Aid. The shopping center currently has only two spaces available for leasing.
DETROIT-A barracks is planned for Fort Custer, while maintenance complexes are slated for Battle Creek and Lansing as well as land clearing for Harrison Township.
HIRAM, GA-A $12.3 million federal loan from Arbor Commercial Mortgage of Uniondale, NY to owner Magnolia Commons is helping with the construction of 192-unit Magnolia Commons Apartments. Atlanta-based TRS Construction is the developer.
SAN ANTONIO-The initial forecast for San Antonio is cautionary as researchers map out another sluggish year. The Grubb & Ellis report says the downturn will drag into 2003 for the city, save for its class B and C multifamily products.
NORWOOD, MA-Medical laser manufacturer Lumenis Ltd. closes its office here as part of a consolidation effort underway since the Israel-based company purchased the California-based Coherent Medical Group last year.
DALLAS-Carter Shillig and Rick Cullers are the new senior vice presidents of office/industrial investments for Henry S. Miller. The well-known team checked out "four or five" other offers arising from the ongoing Dallas personnel scramble.
COLLEYVILLE, TX-A Dallas-based partnership closes its second land sale and awaits a third signing in mid-February. Land once ticketed for retail sparks more interest in the neighborhood office arena, says the seller's broker.
CHARLESTON, SC-The properties include Faber Place, 200 Meeting Street and a 300,000 sf warehouse in Berkeley County. The Pennsylvania REIT will be using the proceeds for new development and general corporate expenses.
OAKLAND PARK, FL-Slootsky Holdings paid Century Group $3.6 million for the four-story, 59,225-sf structure at 2701 W. Oakland Park Blvd., 30 miles north of Downtown Miami. Seller and buyer are from Miami.
LONDON-The first business day of the new year saw euro notes and coins in the pockets of 300 million European consumers yesterday. Property has been traded in the common European currency for the past three years but the final adoption of the new currency poses challenges for the property markets, say agents.