Search Results

WEST PALM BEACH, FL-In a move to centralize operations, Palm Beach County officials are offering about $7.3 million, or $2.70 per sf, for 62 acres of land zoned for light industrial use in this city 67 miles north of Miami.

NEW YORK CITY-Although recent retail performance has been dismal, electronics retailer Circuit City will set up shop at a two-story, 25,000-sf location at 2234 Broadway. The store will feature 100 sf of frontage on 80th Street.

PLEASANTON, CA-The deal is valued at more than $20 million dollars and is expected to be finalized by the end of the summer. Ikea's only existing Bay Area location is in Emeryville. A third store is being proposed for East Palo Alto.

GLENDALE, AZ-Scottsdale investors Jeff and Kathy Flores have bought their fourth apartment complex in a year. This sale brings about $1.3 million for seller Doug Vaughn of Paradise Valley. The newest holding is the 40-unit Glenwood Apartments.

NORTHBROOK, IL-For the third time in three months, the real estate company taps Ernst & Young for a top executive. CEO Mark R. Costello joins president and CEO Barry Barovick and CFO Ian Bress.

DENVER-Six months ago, office rents were at an all-time high and vacancies were near an all-time low. Since then, four million sf of sublease space has hit the market, which could push vacancy rates near 1980s levels.

ATLANTA-The Wall Street conduit lender provides a $1.95 million loan to Ramada Limited Suites in suburban Forest Park, GA to pay off the original construction financing on the five-year-old, 79-room property.

ORLANDO-In a double whammy, Orange County commissioners reject a $40-million, 260,000-sf addition to the $750-million, three million-sf fourth phase of the Orange County Convention Center. A day earlier, they turned down Orlando Magic's request for a $250-million NBA arena.