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MINNETONKA, MN-The board of directors also has declared a dividend of $0.20 per share, representing an annual yield of 8%. The REIT makes loans to churches and other non-profit religious organizations.
EDINA, MN-A 63,944-sf facility leased to Byerly's with a 2001 estimated net operating income of $280,000 is being marketed by Chicago-based Jones Lang LaSalle. Sealed bids are due Nov. 6.
POWAY, CA-A Maryland-based mortgage lender recently closed a $1.83-million, 90-day adjustable-rate mortgage refinancing for a 26-unit apartment building here.
LANCASTER, PA-Two 60,000-sf freestanding stores formerly occupied by the bankrupt building-supply giant are leased to a family-owned furniture retailer and a third store is sold to an investment firm and partially leased to a national housewares chain.
PORTLAND, OR-Conducted in September by the Dundon Co., the survey shows that more hotel rooms became available during the past six months, leaving only one project under construction with three more planned. Not surprisingly, occupancy numbers went down in September due to the terrorist attacks.
DENVER-Stewart Water Information, LLC prepares "Ownership of Water Rights" reports and writes water rights title insurance policies, similar to what a title search and title insurance provide for a property sale.
LOS ANGELES, CA-PCS Development Inc. will head the luxury apartment portion of the $75-million CityPlace project. In addition to 221 rental units, the widely anticipated project will bring 70 condominiums, a 38-room hotel and 450,000 sf of retail and restaurant space to Downtown Long Beach.
DALLAS-Brokers cut 45,406 sf in two office deals that show building owners' desire to negotiate in a strapped market. Clearwire Technologies gets a "plug-and-play" sublease deal plus Nortel Networks' furniture. The other tenant gets "north of $30 per sf" in TIs.
ST. PAUL, MN-The two building, 350,000-sf complex under construction here would be the independent, non-profit program's first customer on the opposite south side of Mississippi River.