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TAMPA, FL-The national office and residential furniture/appliance manufacturer is leasing new quarters with an estimated $1 million lease at the 955,000-sf, 95%-occupied Tampa Distribution Center, owned by Metropolitan Life Insurance Co. in East Tampa, 80 miles west of Downtown Orlando.<p>
SKOKIE, IL-Yes, they pay relatively high dividend returns now, and REIT share prices have enjoyed double-digit returns. But one local real estate banker says it's still buyer beware for investors.
GOODYEAR, AZ-Dallas' Columbia Regency Retail Partners is the new owner of SunCor Development's Palm Valley Marketplace. The 107,600-sf, 96%-occupied center brought $13.2 million in the CB Richard Ellis-brokered sale.
PORTLAND- William Conerly, a local economic and financial consultant, tells the local chapter of the Building Owners and Managers Association that Portland is in a recession it might not get out of until next June.
FARMINGTON HILLS, MI-The dividend of $0.46 per share is the same as last year's third-quarter distribution from the operator of neighborhood community shopping centers and single-tenant retail properties.
SAN DIEGO-A bill creating the San Diego County Regional Airport Authority, a new agency to oversee Lindbergh Field and possibly expand or relocate the airport continues to move through the Legislature.
WHITE PLAINS-Westchester County and the state of Connecticut have instituted programs to assist firms impacted in the World Trade Center area secure office space in their respective markets, GlobeSt.com has learned.
SEATTLE-AvalonBay Communities Inc. has broken ground on Avalon Madison, a 16-story high-rise luxury apartment community located on Capitol Hill. The project will feature 154 apartments, 39,000 sf of office space and 12,800 sf of retail space.
SUNNYVALE, CA-A five-building R&D/office complex in Sunnyvale is sold for $21 million in one of few leased investment property sales in Silicon Valley this year.
ROUND ROCK, TX-It's been rumored for some time, but now the news is out: Krispy Kreme and Olive Garden will be setting up shop in La Frontera. The two popular eateries have secured adjacent retail pads in Round Rock's 825,000-sf La Frontera Village.