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MUNICH-Germany is the most popular destination for cross-border retailers, according to new research from Healey & Baker unveiled at the Expo Real property convention in Munich.
BELLEVUE, WA-One of the state's largest health care professional networks has signed a lease for the top floor of the Canyon Park Heights Office Center. The deal is valued at roughly $7.5 million.
HOUSTON-A CB Richard Ellis team in Houston is marketing a big box portfolio for Wal-Mart, which is looking to cut short-term sale-leasebacks. Wal-Mart wants to unload the stores and build Supercenters in the same market, says the team leader.
HOUSTON-Macfarlan Real Estate Services of Dallas picks Moody Rambin from a field of four to lease a 562,000-sf, class A portfolio of mid-rise office buildings. The firm's "knack for finding local deals" sewed up the contract, says a Macfarlan senior VP.
WASHINGTON, DC-The District breaks ground on its first city museum after being delayed by September's terrorist attacks. The $24-million, 60,000-sf project will debut in 2003.
WASHINGTON, DC-The District breaks ground on its first city museum after being delayed by September's terrorist attacks. The $24-million, 60,000-sf project will debut in 2003.
CHICAGO-The retail REIT that has focused on redeveloping its malls is using 28 properties, appraised at $4.1 billion, as collateral in a deal that will result in an interest rate of 5.7% or less on its proceeds.
OAKLAND-Lucile Salter Packard Children's Hospital has received a $1.2 million gift from AMD to build the first medical imaging center exclusively for children.
GREENSBORO, NC-Supply is outracing demand in this booming Southeast commercial hub with 1,217 units under construction and an annual average net absorption of only 986 units. A total 636 units were rented in the first half.
LONDON-At 625,000 sf, one of the largest schemes ever in Reading's town centre is to go ahead next year as Laing Property and Bank of Scotland win planning permission to redevelop the former Metal Box headquarters.