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RICHMOND, CA-Burnham Pacific Properties sold the 76,692-sf shopping center to the Retail Investment Value Program, a joint venture comprised of Developers Diversified Realty, Coventry Real Estate Partners and Prudential Real Estate Investors.
BRIARCLIFF MANOR, NY-Newmark Realty Advisors reports that it has been selected exclusive sales agent for the former Frank B. Hall Insurance headquarters, now known as the Briarcliff Corporate Campus.
DALLAS-Commercial real estate investment could end up the beneficiary of the ups and downs of today's stock market. It just makes sense, say North Texas executives. And this region could be the big winner in the heavy stakes game.
ITASCA, IL-Caron Inc. buys 225 Spring Lake Dr., a building on 3.75 acres in the Spring Lake Industrial Park in this western suburb of Chicago. The building is 100% leased to a single tenant for 15 years.
AUSTIN-Cambridge Development Group, based in Houston, is gearing up for its first office project in Austin. The developer is planning a 175,000-sf office project on 4.5 acres along MoPac Expressway.
NEW YORK CITY-While one executive tells GlobeSt.com brokers aren't always the best judges of the economy and its impact, he is not alone in noticing things have gotten a little more quiet in real estate.
ORLANDO-The federal agency's preliminary audit shows almost $1 million unaccounted for but developer Timothy Hudson says the money is in CDs in two local banks.
ATLANTA-Jacoby Development Inc. and AID Global Real Estate Investment Corp. are retaining Development Design Group Inc. to design, develop and lease 800,000 sf of planned space at the 14 million-sf Downtown venture.