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DALLAS-Tweeters Home Entertainment Group has bought 3.2 acres for a retail strip center in Mesquite to build its sixth Dallas-Ft. Worth store and lease the balance. In the next year, eight of the Massachusetts-based chain's 20 planned stores will be in Texas.
SOMERVILLE, MA-Proposals to develop Yard 21, the vacant 9.3-acre site here, are due next week and officials are hopeful that a plan for the city-owned land will revitalize the stalled development of two additional parcels that developers hope will one day compose Assembly Square Common.
JESSUP, MD-The home furnishings retail chain has inked a deal for 113,334 sf of space to be used as a distribution hub from southern Pennsylvania to Northern Virginia.
NEW YORK CITY-GMAC Commercial Mortgage is making the largest loan of its kind for a private development in US history, according to the developers. The mixed-use complex will have more than 2.1 million sf.
TEMPE, AZ-Tempe's year-to-date negative absorption hasn't stalled a $5-million buy of a 45,000-sf office building. Seller Principal Capital Group gets more than $111 per sf for Rural Court in a deal brokered by a Phoenix Grubb & Ellis team.
MORRISTOWN, NJ-Grubb & Ellis has the marketing assignment for Patriot's Plaza, Building A, a headquarters-quality facility that has just become available. Corporate neighbors include AT&T, Honeywell and Bayer.
SEATTLE-Just as office building owners are badly in need of renters, King County is mulling a 250,000-sf office building Downtown in a move to become less reliant on leased space.
WARM SPRINGS, OR-The Confederated Tribes of the Warm Springs Reservation is merging its The Kah-Nee-Ta Resort and Indian Head Casino operations, renaming them the Kah-Nee-Ta High Desert Resort & Casino, and spending $5 million to upgrades the Central Oregon facilities
FARMINGTON HILLS, MI-First-half demand keeps rents stable, thanks to developers and owners smartly holding back on new building. Vacancies haven't skyrocketed and asking rents remain stable, says Paragon Corporate Realty Services.
LONDON-Property analyst, Hometrack, has released its Monthly Survey of London Properties for July, which shows that house prices for the month still rose by 0.5% and properties are selling, on average, within four weeks.