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MIAMI-Hasam Realty Ltd. has sold the Diplomat Mall in suburban Hallandale Beach to 17070 Collins Avenue Shopping Center Ltd. and R.K. Hallandale Ltd. for $19.1 million.
AUSTIN-The Texas Association of Counties has started work on a 95,000-sf office building near the capitol. The plan is to occupy 65,000 sf and market the balance for retail and offices. Finding tenants shouldn't be a problem due to its location, says the director.
SUNNYVALE, CA-One of the largest office lease deals in the Silicon Valley has closed. Marvell Semiconductors has subleased a 212, 000-sf building at Yahoo's new four-building corporate business park.
WASHINGTON, DC-Five years after its purchase by Berwind Property Group, the 1015 Fifteenth St. building gets another new owner. Berwind sells the 184,000-sf property to New York-based Teachers Insurance and Annuity Association for an undisclosed sum.
LONDON-It was gloom, gloom, gloom in the residential property market during the three months to October. And the Royal Institution of Chartered Surveyors says it's going to get worse.
STEVENS POINT, WI-The 200,000-sf, $11-million building in the Portage County Business Park here was designed by Martinson Architects and built be Westra Construction. It will house phone sales, embroidery and distribution functions.
PORTLAND-The West continued to report the highest unemployment rate in the nation -- 5.6% in October -- thanks mostly to Washington and Oregon, which posted rates of 6.6% and 6.5%, respectively, the Bureau of Labor Statistics of the U.S. Department of Labor reported today.
NEW YORK CITY-As insurance companies send out the message that terrorism coverage will no longer be an option, experts fear the real estate industry is in store for devastating financial repercussions.
WASHINGTON, DC-MeriStar is awarded long-term management deals with hotel complexes on the campuses of Vanderbilt University and the University of Connecticut. The terms of the contracts are not being disclosed.
LONDON-Great Portland Estates has completed its withdrawal from the retail market with the $333 million sale of its last four shopping centres to a joint venture between Stannifer and Bank of Scotland.