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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.
SOUTH BRUNSWICK, NJ-In a state where the question "which exit?" gives folks the perspective of where one lives or works, few are laughing at one of the country's hottest industrial submarkets.
EULESS, TX-A Dallas-Ft. Worth-based investment group goes back a second time on a Euless office building and walks away with the deed. Occupancy has jumped from 55% in December 2000 to 97% at closing. Up to $50,000 will be spent on improvements.
PHOENIX-A 5,000-sf Krispy Kreme will be rising in the West Valley, selecting the Desert Sky Esplanade for its fourth store in the region. The 25-year lease with developer John F. Long Properties is valued at nearly $4.6 million.
ROUND ROCK, TX-Greenlawn Shopping Center in Round Rock is used to secure a 10-year, fixed-rate loan through Bank of America. Holliday Fenoglio Fowler LP of Dallas arranged the financing package for the 105,832-sf center.
FULLERTON, CA-The real estate investor pays $2.7 million for the Fullerton retail complex. Tenants at the fully occupied center include Linder Furniture, the Recycler and L.A. Carpet.
LIVERMORE, CA-Pacific Union Commercial Development purchased the property for $2.7 million. The company plans to develop a 140,000-sf flex development on the site. Construction is expected to commence in mid-2000 and completed in 2003.
CHICAGO-Condominium conversions continue to take units out of the market, but rent concessions now run about 5.2%, according to Appraisal Research Counselors. Concessions cropped up in the second quarter, adds vice president John R. Jaeger.
SCOTTSDALE, AZ-Jeff Jones of Scottsdale pays more than $108 per sf to a trio of Scottsdale sellers for the 6,100-sf Civic Center Professional Plaza. Situated near Scottsdale's CBD, the structure was fully leased at sale time.
ST. PAUL, MN-The costly move will preserve a historic house and add a half-dozen condominium units to nearby Irvine Park. The entire project, including moving the structure and renovation, is expected to cost $3.4 million.