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IRVING, TX-Principal Life Insurance Co. outbid 19 contenders for the 210-unit Stoneleigh at Valley Ranch. Factor in all the variables and the sale most likely pushed the $20-million mark, an independent analyst tells GlobeSt.com.
LONDON-Consumer retail research group FootFall has released figures showing visitor numbers to retail outlets and shopping centres dropped by 2.8% in the week commencing 29 October compared to the week before, but the overall trend is now upwards.
PORTLAND-The last available space went to Bella Floral Artistry, which joins QFC, Hi-School Pharmacy, Washington Mutual Bank, Starbucks and many other retailers to fill the 119,947-sf retail center being surrounded by condominiums.
ESCONDIDO, CA-A developer has broken ground on a two-building, 53,500-sf corporate headquarters and industrial distribution facility within the Nordahl
HOUSTON-The city's multifamily market is a surefire magnet for buyers and sellers, exchanging an average of 30 complexes per month. The average sales price is now $37,620 per unit, about $13,000 higher than 2000.
ARLINGTON, MA-The Archdiocese proposes developing a 68-unit residential complex here but the plan is being met with increasing local opposition. The affordable-housing component of the plan would enable the church to bypass local zoning laws.
ST. LOUIS-Charter Municipal Mortgage Acceptance Co. and Related Capital Co. team up to provide financing for Historic Restoration, Inc.'s Merchandise Mart conversion to a luxury multifamily rental building.
ROCHELLE PARK, NJ-The seller of the multi-tenant asset was Sanyo North America, which will continue to occupy much of the space. About 25,000 sf is currently vacant.
SUGAR LAND, TX-Bluebonnet Nutrition boosts its space needs in Sugar Land, grabbing a 32,000-sf distribution site in a suburban business park. The Ft. Bend County-based firm sells nutritional supplies.
BALTIMORE, MD-Contractors are working away on the $100 million Lockwood Place office and retail complex. The project is expected to be completed in 2003 and will offer 250,000 sf of office space as well as retail venues and a much-needed parking lot.