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CHICAGO-Property owners are beginning to offer better concession packages that include more generous tenant improvement allowances and even some rental abatement in order to remain competitive in the market.
ATLANTA-An affiliate of locally based Tarpon Development Corp. paid $8.85 million or $37,500 per unit for the 32-year-old, 236-unit Valley Oaks Apartments off Shallowford Road and Interstate 85.
SAN DIEGO- Buxbaum Group will begin the closure process today at 25 stores operated by financially troubled Krause's Furniture Inc., including outlets in La Mesa and Chula Vista.
NEW HYDE PARK, NY-Kimco buys four Urban Shopping Centers properties for $65.1 million and a fifth center for $33.1 million, adding more than 800,000 sf of retail space to its holdings.
IRWINDALE, CA-The newspaper's California Community News unit takes 324,520 sf of industrial space here at Trammel Crow Co.'s Irwindale Business Center.
SEATTLE-Citing the need to protect salmon and preserve open spaces, King County Executive Ron Sims has recommended the county purchase several areas with Conservation Futures funds.
ORLANDO-Central Florida Zoo plans to start the first-phase, $10.5 million renovations in January and hopes to win corporate and private contributions to finish the job as the work is being done at the suburban Sanford, FL site, 30 miles north of Downtown Orlando.
LAWRENCE TWP, NJ-A victim of the telecom downturn, the fiber-optic provider will get $40 million from a key player in an industry that remains solid--pharmaceuticals.