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ST. LUCIE WEST, FL-Belmont at St. Lucie West paid Fountains of St. Lucie West Ltd. $3.55 million or $2.48 per sf for the 32.9-acre site southeast of Interstate 95 and St. Lucie West Boulevard. The property is zoned for a 444-unit multifamily rental community.
LONDON-Occupier demand for commercial property fell sharply in the third quarter of 2001, according to a new report from the Royal Institution of Chartered Surveyors.
CHATSWORTH, CA-Brendan Tours Inc. buys new headquarters building here and will relocate from its longtime home in Van Nuys. About 140 workers will be affected by the move.
DAVIS, CA-With the help of the Koret Foundation, UC Davis will open a new state-of-the-art veterinary facility which will enable it to take giant steps in curing genetic disorders.
CHICAGO-A third-quarter 2001 study just released by Insignia/ESG Midwest Industrial Services Group shows a sharp drop in industrial leasing but an even larger increase, measured in square feet, in industrial property sales.
SPOKANE, WA-The deal would cover 42 Red Lion hotels with 6,426 rooms, mostly in the western United States. The companies said they announced their agreement now because they will be "disclosing the proposed transaction in connection with pursuing potential franchises.
GALVESTON, TX-Galveston City Council signs off on a port merger plan with Houston, signaling a call at last for a special election Dec. 18. If the teaming is OK'd, Galveston gets the regional port and Houston, the overseer's job.
SEATTLE, WA-While Colliers Executive Rob Aigner disagrees with some assertions that this market has the same characteristics of the early 1980's -- he does say new tenants are rare, and Puget Sound has almost no "deal flow" to help landlords with mountains of vacant space.
LINDEN, NJ-The world's largest retailer has set up shop in a 114,600-sf former Caldor store that had been vacant for more than two years, joining Stop & Shop, Modell's and Pay-Half as anchors.
ARLINGTON, VA-The apartment builder started work on a second phase of this project in late August. When completed, the entire community will consist of 842 units.