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MUSKEGON, MI-The retail development on 100 acres marks the ninth mall developed in Michigan by CBL & Associates Properties Inc. of Chattanooga, TN. Anchors include JCPenney, Sears and Younkers.
ATLANTA-The Maryland shopping center developer is asking the Georgia Mountains Regional Development Center for permission to build at least 2.3 million sf of retail; an undetermined amount of office product; a hotel with at least 200 rooms; and luxury condominiums and apartments on a 177-acre tract. Total estimated cost: $100 million.
NEW YORK CITY-Overall average co-op prices are down compared to last year, although in most categories, ranging from three-to-3.5 up to seven-to-eight rooms, the prices are higher. Only apartments with nine rooms or more are cheaper, by 14%.
BUENA PARK, CA-The 164-unit multifamily property, known as Bascom Villas, has been sold by a limited liability company. Although the county's multifamily vacancy rate still hovers at 3%, there have been some signs that the multifamily market may be starting to weaken.
SAN FRANCISCO-In one of the largest lease deals of the year, Covington & Burling signs a 12-year lease for the top four floors in the One Front Street office building owned by LendLease.
SOUTHFIELD, MI-Insite Commercial Group, an offshoot of Schostak Brothers, will use a team approach, company alignments and a helicopter to aid in deal acquisitions and allow brokers to work on more deals.
WASHINGTON, DC-The two associations are joining forces to execute a program in private commercial office buildings around the country to provide early treatment for heart attacks.
OLATHE, KS-Glimcher Realty Trust officials see manufacturer's outlet that sells brand names like Vanity Fair, Lee, Wrangler, JanSport as a good fit at its outlet center in the Kansas City metropolitan area.
NORTH MIAMI BEACH, FL-The Israel-based real estate investment company acquires 1.3 million shares of common stock in the locally based real estate investment trust for about $10.88 a share.