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FORT MYERS, FL-Fort Lauderdale, FL-based Storage King LLC paid locally based Michigan Homes Inc. $23.40 per sf for the 78,000-sf former furniture structure at 2235 Colonial Blvd.
NEWTON, MA-Avalon Bay finally has all the permits it needs to develop a 294-unit multifamily housing development here. Despite recent reductions in rental rates and increasing vacancy rates, a company vice president tells GlobeSt.com that the multi housing market here remains stable.
LONDON-Property consultant Strutt & Parker and Philip Ingman, previously Managing Director of Celexa Real Estate Investment Management, have joined forces to form a new consultancy to advise on property limited partnerships.
HILLSBORO, OR-The seller was Regency Centers, a national owner, operator and developer of grocery-anchored shopping centers, something Tanasbourne Center is not. Regency acquired the land for the project in December of 2000.
SAN PABLO, CA-New developments are still budding throughout Northern California but their popping up in South San Francisco, Novado and Stockton thanks to less expensive land and a rapidly growing population.
SEATTLE, WA-Experts may be glimpsing early signs of a national economic recovery. However, local authorities at the annual gathering of the Commercial Brokers Association say Seattle and Puget Sound has played only the first few innings of its recession.
DENVER-Legg Mason's Glenn Mueller says the real estate cycle will benefit from population growth as a result of the Echo Boom. That means demand for housing as well as job growth, he says.
DETROIT-Hometowne Building Co. of Farmington Hills and Hughes Properties of Bingham Farms have three projects lined up, totaling more than $63 million of new multifamily units in Downriver area.
HOUSTON-Purchased as an investment, a site just over two acres is sold in the heart of an area seeing both retail and office construction in the Northwest submarket, giving new owner American Heritage Housing some flexibility.