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DENVER-The global provider of distribution services and facilities delivers a 230,713-sf facility to La Fleche Cavaillonnaise with another 294,070-sf building expected to be completed in the second quarter of 2002.
FOUNTAIN HILLS, AZ-KFC of America stakes out its spot in the Four Peaks Plaza in Fountain Hills. The popular chain is the first restaurant to sign for the Kimco development, grabbing a 36,445-sf, long-term ground lease.
MONTVALE, NJ-The supermarket operator has sold a total of 16 stores and three warehouses in a sale/leaseback transaction involving properties in New Jersey and four other states.
NEW YORK CITY-The REIT unloads the last of its three remaining retail properties, a 1.2 million-sf shopping center in Toronto, the company's Canadian headquarters city.
NEWPORT BEACH, CA-The theater operator, which declared bankruptcy in August 2000, awards Jones Lang with a two-year contract to manage its real estate portfolio. The decision to outsource is part of a recovery plan to improve the profitability of the company's operations.
DEARBORN, MI-The 66,000-sf, $17-million Benson Ford Research Center will house thousands of items, including more than 1 million photos and nearly 100,000 volumes, recording the first 50 years of Ford Motor Co.
DETROIT-The city, along with neighboring Dearborn, would have to give up 81 homes and 99 businesses to allow space for terminal expansion. A public hearing is tentatively scheduled for November.
AUSTIN-A commercial and residential real estate information provider, based in Austin, lines up funding from investors in Dallas and Austin. Myriad's new leader hails from the ranks of a wide spectrum of leading firms, including Dell Computer Corp.
SAN DIEGO-The hope for a hotel tax increase is stuck between the rock of a slumping economy and the hard place of a proposition that would severely limit future tax hikes. Legislators must come up with an answer by November elections.