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LOS ANGELES-Veteran broker Drew Planting leaves post at MaguirePartners to form partnership with locally based development giant J.H. Snyder Co. The venture starts with $50 million to invest in properties with redevelopment or repositioning potential.
OAKLAND, CA-Evergreen Aviation Ground Logistics takes 46,871 SF at Edgewater Industrial Center, bringing the 400,000-sf complex to 100% occupancy for owner AMB Property Corp.
GREATER BOSTON-A softening economy has not affected the multifamily market here. A number of recent deals demonstrate the strength of the market and low supply, high demand and high housing costs indicate that the market will continue to remain strong.
DETROIT-The firm negotiated the sale of a 16,400-sf industrial building in Farmington Hills for $600,000 and the leasing of 37,696-sf of industrial space in Westland.
LONDON-Out-of-town retail investment is set to increase in the second half of 2001, according to new research from FPDSavills. Tough planning restrictions on new development will boost the values of existing properties, the agent believes.
GRAPEVINE, TX-Construction crews are off and running on a 32,000-sf Last Call from Neiman Marcus, the first of the retailer's off-price locations in North Texas. The latest addition to the 1.5 million-sf Grapevine Mills opens in spring 2002.
AUSTIN-California-based Mattson Technologies is asking $3 million for an industrial building with 28,633 sf of office and warehouse space plus three cleanrooms in northeast Austin. Blame it on the semiconductor industry's downturn, say officials.
LONDON-Out-of-town retail investment is set to increase in the second half of 2001, according to new research from FPDSavills. Tough planning restrictions on new development will boost the values of existing properties, the agent believes.
MONTVERDE, FL-An independent archaeologist retained by Lake County finds evidence of human life but no bones on a section of a 1,500-acre tract planned for 500 single-family and multifamily homes and two 18-hole golf course in this rural community of 882 permanent residents, 40 miles west of Downtown Orlando.