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ANAHEIM, CA-The building, which encompasses 22,102 sf, has been purchased by Specialty Restaurants Corp. It is the latest in a rash of industrial transactions to occur across the county, as the decline in manufacturing activity has begun to ease up.
TOLEDO, OH-Health Care REIT Inc. will use the 7.775% money to repay debt and add to its portfolio of 203 health care facilities in 33 states. Deutsche Banc Alex. Brown and UBS Warburg are joint-lead managers.
NEW YORK CITY-Since June, leasing in Midtown is up 29%, in Downtown it has risen 15% and Midtown South has seen a 46% boost. Although most of the deals are mid-size transactions, about 40 companies are looking for 100,000 sf and more.
FREEHOLD TWP., NJ-The Pennsylvania-based residential developer, which recently presented its proposal to the planning board, wants to open the first units next year.
HOUSTON-Chicago-based AMLI Residential adds another luxury complex to its Houston portfolio, which contains 2,505 units. The latest buy is the 334-unit Augusta Apartment Homesin Houston's Medical Center District.
ORLANDO-Wingstop Restaurants Inc. founder Antonio Swad, envisioning a national chain of fast-casual sites, has signed three new franchise development contracts in Orlando, Gainesville and Tallahassee. Average weekly sales at the 32 existing locations in six states are $13,000.
Analysis of current office trends in class A and class B buildings in the Downtown Washington market indicates a surprising flattening in the growth rate…
WASHINGTON, DC-The Route 1 and Interstate 95 corridor between the District and Baltimore is strongest submarket, as it builds on a base on non-technology tenants. Northern Virginia vacancy rates are expected to soar as technology projects are put on hold or remain unleased.
GLENDALE, AZ-The Trammell Crow Co.'s Phoenix office is quarterbacking a plan to build a major employment center on 158 acres near the Phoenix Coyotes' arena site. By Q2 2002, final signoffs on a needed annexation should be in hand.
WASHINGTON, DC-A year ago Northern Virginia office real estate soared with the fortunes of technology companies. Those fortunes have evaporated, and the District is now sitting on top of the heap, while Maryland continues to pull up third place.