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PEMBROKE, MA-Lowe's plan to develop a 164,000-sf store here is looking tenuous after the town's zoning board of appeals rejects the home improvement chain's proposal. The rejection is due to one dissenting vote on the ZBA despite support for the plan by many local residents.
SUNNYVALE, CA-The maker of Internet systems has donated 80,000-sf of warehouse space to the Family Giving Tree, allowing the nonprofit to occupy two floors until construction is completed.
ANN ARBOR, MI-The price tag could rise as high as $800 million during the next six years as the prescription drug company beefs up the state's life sciences research corridor. Local and state incentives totaling $58.4 million keep the company in state.
BEAVERTON, OR-The deal is for 684,554 sf in 12 buildings on 55 acres and 24 acres of developable land. PS reportedly walked away from the deal several weeks ago. Owner Talcott Realty I LP originally wanted $105.5 million for the park.
MIAMI-A $30 million renovation of the Dadeland Mall will provide an economic "shot in the arm" for Miami-Dade County, according to an official from the mall's owner, IN-based Simon Property Group.
LONDON-European cross-border investment in real estate grew in the third quarter of 2001 according to new research from DTZ. Turnover for 2001 is unlikely to match the record levels set in 2000 but the agent says there is still a long-term upward trend.
PHOENIX-Michaels Stores gears up for a relocation within the Scottsdale Pavilions while signing for a new location in Prescott, AZ. The Pavilions also nails down an expansion for Souper Salads and Macayo gets more space at Prescott's regional mall.
ANAHEIM, CA-The 282-unit complex was 95% occupied at the time of sale. The buyer, Cadigan Arbor Park GP, has increased its portfolio by nearly 50% with this acquisition.
NEW YORK CITY-A 28,000-sf triplex retail space in Midtown is now on the market. The facility houses a broadcast studio and auditorium that has been used for exhibitions and lectures.