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LONDON-In a report soon to be published on the state of the retail market London-based agency King Sturge says that proposals for the radical overhaul of the gaming industry could have a dramatic effect on the property market.
VANCOUVER, WA-The region continues to maintain an unemployment rate higher than the state as a whole and the nation. Job losses in electronics and aluminum are said to be largely responsible for the situation.
TINTON FALLS, NJ-The loan for the class A property is based on a 15-year fixed rate self-liquidating term. Cronheim Mortgage was the correspondent and servicing agent.
FAIRFAX COUNTY, VA-Phillips bought the 208,935-sf shopping center from Principal Life Insurance Co. in a deal brokered by Insignia/ESG. Tenants include a Food Lion supermarket, US Post Office and Rite Aid drugstore.
BOSTON-Local hotel and convention center officials here fear that the recent terrorist attacks could have long-term implications for their industries. Hospitality industry's reliance on the faltering airline industry is another source of concern.
CONCORD, MA-An electronics manufacturing services firm scoops up roughly a half million sf of industrial space when it buys most of a bankrupt competitor's assets.
WELLINGTON, FL-The pending purchase of St. Andrews at the Polo Club, a newly constructed 200-unit multifamily property, represents a decisive move by the Atlanta-based real estate investment trust to expand into Florida.
WASHINGTON, DC-The rise is seasonally adjusted. On an unadjusted basis, the measure declined 22.7%, but was up 76.7% compared with the same week a year ago.
MIAMI-Registered local voters will decide in November whether to authorize a long-term lease on city-owned property for development of a $281 million mixed-use marina-hotel project.
PHOENIX-The Biltmore Commerce Center in the Camelback Corridor has snagged a new tenant, signing Oracle Corp. to 15,400 sf. The building, like its counterparts in the submarket, offer the most prestigious addresses for tenants.