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BIRMINGHAM, AL-A subsidiary of Birmingham Steel Corp. completed the $30 million sale of its mill facility in Cartersville, GA. The buyer was AmeriSteel Corp., an American subsidiary of Brazil-based Gerdau S.A.
SCHAUMBURG, IL-Three recent deals include Computer Strategy Coordinators, Inc.'s renewal of 25,222 sf at Two Woodfield Lake, where space is offered at $23 per sf gross. Also, Stewart Title renews a 4,000-sf lease at 1515 E. Woodfield Rd.
ST. PAUL, MN-The former city council member has been involved with a number of public development agencies, including the St. Paul Port Authority and St. Paul Housing and Redevelopment Authority.
CHANDLER, AZ-Private investor Jerry Fandytis of Townlake Enterprises is the new owner of Chandler's Goodwill Plaza. The retail-office combo, sold by Denver's SP Plaza Associates, is located along the high-traffic North Arizona Boulevard.
DETROIT-Federal Marine Terminals Inc. is negotiating to buy 35 acres along the Detroit River shoreline to build a new terminal. However, the land must be cleaned up first, possibly with Site Reclamation Program funds.
PORTO-Lend Lease and its Global Properties fund have sold the Arrabida Shopping Centre in Porto, Portugal, to a joint venture between Portuguese shopping centre developer and investor Sonae Imobilaria and the French financial institutions CNP and Ecureuil Vie.
AUSTIN-The state capital could shed its stereotype of being under-retailed if development plans shift from the drawing boards to reality in 2002. The Austin market's solid in terms of retailers' interest and capital availability, says a Weitzman VP.
ORLANDO-Sluggish demand and mountains of sublease space translate to tighter guidelines, but prime existing and redevelopment projects can still qualify for 7% money, mortgage bankers tell GlobeSt.com.
ITASCA, IL-Hines Interests hires Grubb & Ellis to manage and lease the 1.1-million-sf Chancellory in this western suburb while San Francisco-based AMB Property Corp. taps Trammell Crow to manage industrial properties.
Sales levels of investment grade commercial real estate have held up better than expected, considering property performance indicators and where we are…