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MINNEAPOLIS-Two groups look at expanding the chain into Tennessee and adding stores in Minnesota. Six units will be developed over five years in central and eastern Tennessee and north central Alabama.
CHERRY HILL, NJ-The four-story multi-tenant office building will become a centerpiece for the ongoing redevelopment of an office park in the Cherry Hill West corridor. The seller was Wellsford Capital Properties, Chatham, NJ.
WESTMINSTER, CO-Apartment communities built in the '1990s rarely sell for less than $110,000 per unit, but that's what 276-unit Calavera Point did - at $97,826 per unit to Greenwood Village-based Baron Properties.
ADDISON, TX-Legacy Partners, based in California, has teamed with Citigroup and Dallas' REOC Corp. to buy the 292 Bent Tree Court and 204-unit Bent Tree Gardens in Addison. An unidentified REIT collects a little more than $21 million in the deal.
OCEANSIDE, CA-With several resort developments in the works, a city agency has approved a plan to lure more tourism to this North County community. Under the plan, the city would spend more money on beautification, transportation and pedestrian walkways.
LONDON-The best residential property in central London is taking longer to sell according to a report from Mayfair agency Lane Fox. A startling number of viewings are required before many properties find a buyer.
PHOENIX-The New York-based Malcolm Pirnie has signed the first lease for the under-construction 228,800-sf East Gateway Centre. The firm is taking 26,000 sf for its regional office in the McShane Corp. office project near the airport.
EDINA, MN-The tour and vacation packager is moving its headquarters to 4660 W. 77th St. in October. Jill Rasmussen, vice president of Northco Real Estate Services, represents Pentagon Park owner Colonnade Properties.
SAN DIEGO-In a continuation of an emerging real estate trend toward individual ownership of medical and dental offices, a local construction firm has finished a 10,000-sf medical and dental plaza in Temecula.
BELLEVUE, WA-The locally based firm is ranked No. 1 architectural firm - and No. 7 overall - in The Zweig Letter "Hot Firm 2001" ranking, which lists the 100 fastest growing architectural, engineering, professional and environmental consulting firms in the U.S.