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LONDON-Deutsche Post has taken a pre-let on a massive warehouse at Hayes, close to Heathrow Airport in West London. The deal underlines the continued strength of the Heathrow industrial market.
PHOENIX-Utah investor Scott Keller has reaped more than $31,600 per unit for the 98-unit Silver Tree Apartments in west Phoenix. In all, Highgate Properties of Los Angeles has shelled out $3.1 million in the Marcus & Millichap-brokered sale.
VANCOUVER, WA-Despite strong competition for tenants and longer holding periods, a new report finds demand for class A space in Clark County still palpable and a host of plans to fulfill the need.
LAS COLINAS, TX-Post Properties' re-focus on urban infill developments has brought its second Las Colinas multifamily complex to market. Current demand for upscale properties should bait better than 20 bidders for the 432-unit Post Hackberry Creek.
ERIE COUNTY, MI-The Southfield architects chosen to control the design team building new facilities for Pennsylvania bay on Lake Erie. The facility is scheduled for completion in 2004.
AUSTIN-Mayor Kirk Watson's resignation notice has real estate professionals lamenting the loss and hopeful that his replacement is as pro-development. Watson has bridged the gap between environmentalists and developers, something no one wants to lose.
BOCA RATON, FL-Raymond James analyst suggests the owner-operator of five class A resort properties possesses unique characteristics that make it attractive for a takeover.
ATLANTA-Hollywood Atlantic Real Estate Group of Hollywood, FL paid Piedmont/Old Alabama Partners $15.8 million or $177.52 per sf for the 110,000-sf shopping center at Haynes Bridge and Old Alabama roads in north Fulton County.
LAKE FOREST, CA-The tenant, Trend Micro, will take 31,144 sf of flex-office space in the Lake Forest project. The transaction follows another recent Palm Terrace lease, as activity continues to heat up in Lake Forest.