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ROSEVILLE, CA-Three new Safeway stores are being developed in Northern California, showing that even in the slowest economies, some businesses still soar. In addition, a new shopping center in the area is under construction.
LONDON-An increasing number of UK retail parks are incorporating commercial leisure in their occupier mix, according to new research from TW Research and FPDSavills.
PORTLAND-Purchase of the $100-million company (annual sales) has yet to be anything for MDU's beleaguered stock price. The power company's share price stood at $25 in afternoon trading, off $0.61 on the day for a new 52-week low.
DENVER-James M. MacDonnell has been involved in almost 10% of the firm's $8 billion in real estate sales, including $300 million of commercial properties on behalf of the Resolution Trust Corp.
OLYMPIA, WA-An Olympia city official discusses the municipality's "presubmission" process, a phase of development that allows a developer to delve into the feasibility of a new idea. Despite a tough commercial market, projects continue to enter the pipeline here.
BOSTON-In response to Tuesday's terror attacks in New York and Washington DC, area buildings have tightened security measures. There is speculation that commercial property insurance rates will be raised to offset these costs.
LONDON-Investment in UK shopping centres increased markedly in the first half of 2001, says DTZ research, but market turnover is still well down on the long term average.
DENVER-The Fort Worth, TX-based REIT lands four tenants in three buildings, ranging from a 15,744-sf deal to a 124,988-sf deal with MCI Worldcom worth more than $21 million over seven years.
BOSTON-Liberty Mutual Group expects to pay off $200 to $300 million in claims related to last week's terrorist attacks and announced that it will not deny claims based on war acts exclusions.
CHANDLER, AZ-The Schirmer Ball Co. says dirt will be flying in three months on its $40-million, mixed-use project in Chandler. The pedestrian-friendly design calls for more than 37,000 sf of retail space, 30,000 sf of office and 200 apartments.