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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.
BOYNTON BEACH, FL-The Oak Brook, IL-based real estate investment trust pays Aberdeen Square Inc. $6.68 million ($94.68 per sf) for a 70,555-sf neighborhood retail center near this Palm Beach County community, 58 miles north of Miami.
WILSONVILLE, OR-"We envision a European-inspired hillside community that we believe will be the next generation of good urban development," said Rudy A. Kadlub, Chief Executive Officer for Costa Pacific Homes.
SAN DIEGO-The Institute of Real Estate Management, San Diego chapter, has elected nine officers as its 2002 executive council. The council will be installed at a dinner at The Abbey on Nov. 10.
LONDON-Retailer Marks & Spencer has completed the sale of 78 UK stores to the Topland Group. The deal involves fixed rental uplifts over the 25-year term and M&S has the ability to vacate up to one third of the properties.
ORLANDO-In one of the most bizarre property disputes seen locally in decades, 90-year-old Clarence Moore and his lawyers have failed to settle a seven-year argument over a two-acre tract the theme park needs for the development of a 70-acre, $100 million vacation ownership venture and a championship 18-hole golf course.
LONDON-Office rents in Europe were falling even before the events of 11 September dealt a further blow to business confidence, according to new research from CB Hillier Parker.
LOS ANGELES-A new report by Transwestern's Delta Associates research affiliate says a big boost in defense and technology spending will generate more demand for office space.
MINNEAPOLIS-The Walker Art Center wants to clear the way for a $90-million expansion once the Guthrie Theater moves into new theater complex. The city council's zoning committee approves a request for a permit to tear it down.