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LEEDS-Tops Estates has bought out Rodamco's one-third stake in the Leeds Shopping Plaza Limited partnership, set up five years ago to refurbish and extend the Leeds city centre mall.
WASHINGTON, DC-The increase is seasonally adjusted. On an unadjusted basis, the application index increased 20.6% and was up 128.7% compared with the same week a year ago.
FT. WORTH-Logistics provider Saddle Creek of Lakeland, FL has the team hard at work on a 430,000-sf distribution center in the 600-acre Railhead Industrial Park, north of Ft. Worth. The $8.7-million project delivers in February 2002.
FIFE, WA-CrabApple Beach LLC will buy a 177-acre parcel here from Heartland Partners LP. The company intends to begin work on a residential complex with the possibility of purchasing more property in phases between now and 2004.
LONDON-IT company Novell has appointed DTZ and its US affiliate the Staubach Company to advise on the integration of its worldwide real estate portfolio with that of Cambridge Technology Partners, which it acquired earlier this year
DALLAS-From Frisco to Ft. Worth, area brokers have cut four leases for a total of 55,114 sf of mixed product. The Shidler Group gets the General Services Administration as a 22,834-sf tenant in a deal valued at nearly $4.3 million.
SCOTTSDALE, AZ-Westcor Partners can rest easy. Macy's is stepping to take over a 250,000-sf spot vacated in January by Sears at the Scottsdale Fashion Square. It marks the fifth Valley store for Macy's and its seventh in Arizona.
DENVER-The northeast industrial market boasts a 5.91% vacancy rate at the end of the second quarter compared with 5.2% a year earlier. By comparison, "30% to 40% vacancies" are forecast for the office market.
DENVER-GlobeSt.com takes a look at details of plans submitted by four bidders who didn't make the cut for a joint venture with Denver on its Winter Park ski area. East West Partners and Intrawest Corp. are the finalists.