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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.
LONDON-CB Hillier Parker's latest UK Rent and Yield Monitor shows property values falling in West End offices and high street retail. Occupier demand is patchy and rental values have eased back in some markets.
LOS ANGELES-Entertainment giant kills the once-touted DisneyQuest concept and will close its Chicago-area facility. The company had planned to open 20 of the indoor parks around the world.
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%.
SAN JOSE-Former Spieker Properties SVP John Petersen will be responsible for the property management, leasing, and overall financial performance for the company's San Jose region portfolio, which totals 10.9 million sf.
MARYVALE, AZ-The final papers are signed, putting a new owner in charge of the 156-unit The Veranda in Maryvale. A Phoenix-based investor has paid $4.7 million to the seller, a Honolulu investor who also is hawking a Peoria complex.
RENTON, WA-A new 58-unit luxury apartment complex by Dally Homes opened last week in this city's Downtown retail core, and an Irvine, CA-based investment group has bought a 382-unit complex here for $24.5 million.
DENVER-The company that primarily owns multifamily rental properties in Phoenix, Portland, Riverside, CA; Sacramento, Salt Lake City and Seattle pays $7.5 million for the 185,616-sf Northglenn Service Center.
CHICAGO-Those in the assisted-living and limited-service hotel markets have been having a difficult time obtaining financing. But certain retail products as well as office buildings are getting a wary eye from lenders.