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WOODBRIDGE, NJ-The transaction is said to highlight a new trend in the relationship between mortgage bankers and large corporations looking to finance the properties they own.
PONTIAC, MI-The city of Pontiac says it will lose millions if the football team leaves before its lease is up. The team says it allows for earlier redevelopment The case goes to a circuit court judge Oct. 17.
LYNWOOD, WA-Its third quarter vacancy numbers, like the rest of Puget Sound's market, look to have been hit with an ugly stick. But Cushman & Wakefield broker Gary Bullington says someday the Northend will be asked to the prom.
ROCKWALL, TX-A 16.3-acre land buy jumpstarts a 122,661-sf retail project that marks a first in a Dallas suburb for Florida-based Regency Centers and Tom Thumb. The center will be built on "a going home corner." But don't look for a groundbreaking until 2003.
HOWELL TOWNSHIP, MI-Grubb & Ellis is marketing the 233-acre park at I-96 and M-59 in Livingston County. Buildings of 50,000 sf and 15,000 are available for lease while 10 acres are for sale.
CHICAGO-CenterPoint Properties Trust says its California Avenue Business Center is drawing interest from food producers. Chicago International Produce Market and Ashland Marketplace are other nearby options.
HOUSTON-The city's industrial market is just chugging along, with ProLogis lining up three new tenants for a trio of parks. In all, 41,494 sf is spoken for in the northwest submarket. A New York supplier's local takeover drives a deal for one distribution site.
DETROIT-The tier-one automotive supplier agrees to have the Detroit arm of CB Richard Ellis handle its portfolio and transactions for all acquisitions and dispositions throughout North America.
LONDON-Kenmore Provincial has started breaking up the portfolio which it bought earlier this year from Green Property with the sale of a 16,000-sf office building in Sunbury on Thames, to the south-west of London.
WEST WINDSOR TWP., NJ-Designated for up to 800,000 sf of office space by the research organization, the site's eventual use hasn't been disclosed by Princeton University officials.