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PLYMOUTH, MN-Equus-Plymouth, LLC will own the $6.5-million project being built at the southwest corner of state highways 55 and 169. The property will consist of 65 studio and 24 one-bedroom suites.
LAKE NORDEN, SD-The addition of a mozzarella cheese plant is one of the largest Midwest dairy production expansions in decades. Completion of the expansion of the 18-year-old plant is expected some time in 2003.
BOSTON-Beacon Capital Partners nails down its last requirement to gain approval for its proposed Midway project here in the Fort Point Channel district by purchasing a site on for development of off-site housing. The 130 units will help the company meet residential requirements for its 1.5 million-sf project.
PHOENIX-The region's industrial market takes a significant hit, posting a 9.1% vacancy and up from 6.6% just a few months ago. The red flag's up although a three-quarter losing streak could end this quarter, says a C&W director.
CHICAGO-A Julien J. Studley team advises the 400,000-member lawyers' group on a 15-year deal for space at Hines Interests LP's 2001 River North acquisition that could be worth as much as $81 million.
NORTHBROOK, IL-Grubb & Ellis regional managing directors will be in charge of all business in their territory as of Jan. 1, rather than focusing on one aspect, such as transaction services, consulting and property management.
SEATTLE-San Antonio-based Tesoro says most of the gas stations are in Washington. About 80% of the stations also have convenience stores on the property, and all will be converted to the Tesoro brand.
LONDON-Chesterton has announced 65 redundancies, on top of the 90 UK job losses at Jones Lang LaSalle as the full impact of the market downturn hits the London market.
PORTLAND-With housing starts down 24% in the month of September, more than twice the national average, Central Bethany Development is continuing to expand the Bethany Village and has begun construction on the second phase of the Promenade condominiums.
SOUTHFIELD, MI-The 356-unit Riverstone Apartments here, sold for an undisclosed price, as well as the 216-unit Sawmill Apartments in Indianapolis purchased for $4.7 million are under new ownership.