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OAK BROOK, IL-Believing "extraordinary low" variable interest rates cannot last forever, Great Lakes REIT is locking in rates ranging from two to five years and at rates from 4.12% to 6.65%.
MIAMI BEACH, FL-Condominium owners relinquished title to individual units in the six-story, 50,000-sf property in exchange for an equity stake, clearing the way for a Dec. 19 auction.
RICHMOND, VA-Richmond Memorial Hospital sold the 56,888-sf, 100%-occupied Hanover Medical park's Office Building I at Memorial Regional Medical Center to Hanover LaSalle Medical Office LLC for $7.74 million.
PORTLAND-Well known firms Thomas Hacker and Assoc. and Fletcher Farr Ayotte each take home three awards in the annual design contest sponsored by the Portland chapter of the American Association of Architects.
ORANGE COUNTY, CA-A major contraction occurred in the county's manufacturing sector in third quarter 2001, according to recent research by Chapman University. As manufacturing activity has slowed, vacancy levels have risen in industrial properties throughout Orange County.
ORLANDO-Apartment Investment and Management Co. of Denver is charged with lax security at the 200-unit Willow Park Apartments in suburban Altamonte Springs. The company denies the allegations.
CAMBRIDGE, MA-MIT's Sloan School of Management embarks on a $250-million development plan to consolidate and expand the school's campus. The project will be done in two phases and will be sited on MIT-owned property.
NEWARK - The 14-story, 175,000-sf tower, which has been empty since First Fidelity Bank left the premises more than four years ago, will be renovated and re-leased by the new owner.
DEERFIELD BEACH, FL-Growth-management rules are posing an obstacle for the owners of a struggling commercial nursery, who want to redevelop the property as a 570,000-sf industrial park in this Broward County community, 42 miles north of Miami.
SYLMAR, CA-L.A. Records Management signs 10-year pact valued at $8 million for a new building inside Gateway Business Park. The document-storage company will relocate from nearby Sun Valley in the spring.