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LONDON-Developer Land Securities has been granted planning permission for the refurbishment and remodeling of the landmark Empress State Building in Earls Court, West London
RALEIGH, NC-The Westminster, MA-based fire protection service company is leasing a total 86,000 sf of business park space in Raleigh, NC; Tampa, FL; and Cleveland, OH for five years at $1.8 million or about $4.19 per sf.
MONTEREY PARK, CA-A private partnership acquires the 89,535-sf office building in the West San Gabriel Valley. The complex is near the data center that Union Bank itself repurchased for nearly $50 million earlier this year.
LONDON-Croydon, the major satellite office and retail area south of London, is in line to get a 200-room hotel, replacing an office tower over its main shopping mall, the 1.25 million-sf Whitgift Centre.
ATLANTA-Locally based Haverty Furniture Co.'s offer to buy four Atlanta area stores HomeLife Co. leased from Sears Roebuck & Co. has been rejected. The offered price wasn't disclosed. HomeLife is in Chapter 11 protection.
SAN MATEO, CA-A new 240-unit multifamily rental development promises to clean up a rundown San Mateo neighborhood at the city's entrance, providing opportunities for businesses and residents alike.
CHICAGO-A panel tells the National Association of Office and Industrial Properties conference that capital is available, but borrowers can expect to pony up more equity and face tougher underwriting.
SEATTLE, WA-Third-quarter Downtown office vacancy measured 14.15%. However, new product coming on line since the first of the year is faring better with an average of 7.3% -- with several of those buildings fully occupied.
MESA, AZ-Classic Capital is pushing hard in the Valley, buying its second property this year and forging ahead on construction of 86,000 sf in three buildings. The $1.5-million closing is for an 11,000-sf medical office building in Mesa.
VISTA, CA-A neighborhood shopping center at the northeast corner of East Vista Way and Foothill is scheduled to begin an extensive yearlong remodeling.