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ATLANTA-The world's largest home improvement retailer is contracting with the Atlanta office of Trammell Crow Co. for help in developing new distribution center sites nationwide. The value of the contract wasn't disclosed. The site search is part of Home Depot's $150 million restructuring program of its inventory-delivering system.
ANAHEIM, CA-The facility encompasses 55,000 sf. Buyers continue to snatch up industrial property countywide, as the industrial market has been keeping steady.
DALLAS-After 25 years of ownership, Industrial Catering of Dallas has opted to sell a vacant tract, netting $429,000 for about 1.3 acres positioned northeast of Dallas' CBD. Buyer Provident Realty Advisors is drafting building plans for the site.
DALLAS-Well-capitalized investors looking to tap the seniors housing market should check out Texas, say two Dallas-Ft. Worth specialists. Returns are riding somewhere between 13% and 20% in a market with plenty of properties to be had.
SHERMAN OAKS, CA-The mid-price restaurant chain signs $7-million lease for new corporate space inside Sherman Oaks Galleria. Firm will move from its current building on pricier Westside.
ATLANTA-The Florida developer is applying for a county rezoning to build an 11-story, 285,000-sf, class A office structure with an estimated hard construction cost of $43 million at its Glenridge Highlands location in suburban Dunwoody, GA, north of Downtown.
TAMPA, FL-Central Hillsborough County, south of Tampa and the Pasco/Hernando County submarket north of the city outranked all Orlando area submarkets as possible 'buys' in a first half that produced few trophy properties for sale in 27 Central Florida submarkets.
LONDON-Mayor of London, Ken Livingstone, has launched his initiative: "It's got to be Wembley" in an attempt to convince doubters in the City that Wembley remains the home of England's national soccer stadium.
PHOENIX-The latest Cushman & Wakefield of Arizona report pegs office vacancy at 17.6%, up 4.5% from six months ago. By the fourth quarter close, most of the space will be absorbed, predict the experts in the region.
HANOVER PARK, IL-Advance Transformer Co. leases 92,058 sf of warehouse/distribution space from Industrial Developments International, which is getting another 160,000 sf in two buildings. More than 110,000 sf is speculative space.