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DETROIT-Colliers International and Grubb & Ellis say world events have played havoc on an already suffering Motor City area, but their research indicates a few submarkets are starting to level off.
LONDON-A joint venture between GE Capital Real Estate and Opus Land has spent $27 million on an office property in Bristol and an industrial investment in Walsall, West Midlands.
CHICAGO-Investors must "accept the fact we have to move from Easy Street to the Eisenhower Expressway at 5:30," Gary Kachadurian of RREEF Funds tells the National Association of Industrial and Office Properties conference.
ROCHESTER, MI-Downtown redevelopment success stories, such as the adaptive re-use of the Western Knitting Mill here, are on tap Nov. 2 in historic Downtown. The program received funds from the Main Street program.
CERRITOS, CA-Triple A Containers, one of the nation's largest manufacturers of corrugated cartons, signs 10-year deal for 109,000 sf of industrial space in Cerritos. The area's vacancy factor has remained stable while other Southland markets rise.
BIRMINGHAM, MI-Robertson Bros. Group of Bloomfield Hills is building a high-priced, five-story, 57-unit condominium and retail project in the trendy Downtown of this Detroit suburb. Prices range up to $2.8 million.
CASA GRANDE, AZ-Fiesta Grande RV Resort is the seventh park in the state for buyer Diversified Investments of Bethesda, MD. The price hinged upon the spot, with 581 spaces drawing $7.5 million and 186 raking in about $1.9 million for the LP seller.
SAN FRANCISCO-The Board of Supervisors' meeting agenda for today includes discussion of a proposal that will ban development in many areas of SOMA and Potrero Hill for 18 months to allow for comprehensive planning.
DENVER-Fuller and Co. senior vice president Tim D'Angelo heads the 1,500-member Denver Metropolitan Commercial Association of Realtors. John Propp, broker-owner of Propp Property, is president-elect.
BELLEVUE, WA-By owning almost 50% of the local office square footage here, says one disgruntled broker, Equity Office Properties carries too big a stick. Spokespeople say that's how the competitive edge works.