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DEARBORN, MI-The loan is secured by 272,000-sf Village Plaza office building, where Oakwood Hospital rents about half the space. The 10-year loan, amortized over 30 years, has an interest rate of 7.54%.
LONDON-Southwark, on the south bank of the Thames, has outstripped all other areas of London with a 5.8% leap in house prices in May 2001, and a 9.4% uplift in the first half of the year.
Recently-listed Halladale has unveiled increases in net asset value and pre-tax profits. And in spite of economic uncertainty it is stepping up its development programme.
DALLAS-The Children's Medical Center of Dallas is on line as the nation's first medical facility with mobile monitoring arms in a just completed first phase of its ICU expansion. Centex Construction is steering the project, which also calls for two more floors
SAN DIEGO-A locally based real estate investment trust announces that the top executive for what was once its largest shareholder has resigned from its board of directors.
LONDON-Central London residential property has outperformed commercial property, equities and Government bonds over the last year, five years and eight years. Last year total returns reached 17.9%.
NEWPORT BEACH-Locally based Koll Development Co. has landed a new tenant for its industrial complex in Rancho Cucamonga, as Panolam Group Inc. has inked a deal for 97,310-sf there.
ATLANTA-The New York-based rating service cites the state for strong revenue growth and expenditure control, a credit standing that will be watched by corporate relocators, commercial real estate watchers note.
SOUTH HACKENSACK, NJ-The express package carrier will completely renovate the former Marschall food distribution facility for use at its Northeast distribution center. Alexander Summer arranged the transaction.
HOUSTON-US Concrete, considered the nation's sixth largest supplier, has finalized buys in Dallas-Ft. Worth and New Jersey. The acquisitions are add-ons, says a company source, to existing holdings in both regions.