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ATLANTA-The Oak Brook, IL-based REIT expects to complete separate transactions with the Smyrna, GA-based seller on the unidentified properties over the next four months, Inland corporate communications chief Rick Fox tells GlobeSt.com.
AUSTIN-SiteStuff's latest investment round attracts $7 million, of which $4 million comes from new investors. To date, the procurement business has processed 50,000 purchase orders, going from 2,500 in Q1 to 6,000 per month in Q4.
LONDON-New research shows that England is becoming more and more densely populated. Government figures show that the number of dwellings in the country has gone up 7% since 1991.
LONDON-Despite the climate of fear in the UK property market, the Royal Institution of Chartered Surveyors predicts that house prices in the UK will go up 6% in 2002. But this compares to a 10% rise in 2001.
TROY, MI-Delphi Automotive earns more than $17 million in tax abatements for its ambitious $163-million rebuilding plan at two manufacturing facilities in Adrian, MI and Wyoming, MI.
SEATTLE-The locally-based Web-content filtering software company says it plans to relocate headquarters from the Bank of California Building into a less expensive space.
FT. WORTH-Applebee's Bar & Grille continues its push for more Dallas-Ft. Worth locations. The latest lease puts a 49,000-sf pad site at 5020 S. Hulen St., where ground has just broken. Delivery comes in spring 2002.
LIVERMORE, CA-Private investors have purchased a 5.5-Acre Property from the city, which it will use to develop an office/mixed-use project. The deal includes $840,000 up front and 20% of the upside from the resale of the property to office developers.
ORANGE COUNTY, CA-Forecast by Grubb & Ellis says the local market will remain weak in first half, but strengthen toward end of the year as the economy picks up steam. However, a glut of flex-tech space may stick around until 2003.