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ORANGE COUNTY, CA-The children's market manufacturer takes 623,000 sf of industrial space at Shea Center Ontario for seven years. It is the second major deal for the Inland Empire in the past few days.
GLEN ALLEN, VA-Dynex Capital Inc. will have to pay a dividend to preferred shareholders if it wants to maintain its REIT status under the amended Internal Revenue Code of 1986.
NEWPORT BEACH, CA-A Newport Beach-based real estate investment group has paid $2.9 million for a 56,540-sf retail center in Desert Hot Springs. The complex was 90% occupied at time of sale.
GLENDALE, CO-Investor Joe Nguyen grosses a 33% profit in a year on a 24-unit apartment project in the small Denver suburb. The $59,166-per-unit sales price far is greater than most small, 40-year-old properties command.
CHATHAM, NJ-There more than 3 million sf of new builds going up, says a local expert. But there's also roughly 3.5 million feet of need to fill that space.
SEATTLE-The locally based, publicly traded REIT says the kiosks are the first to be tried in the self-storage industry, giving customers the ability to contract for storage and communicate on customer service issues during hours when the facilities have been traditionally closed.
BOSTON-The city assumes ownership of eight acres of the MBTA-owned Arborway Yard Maintenance Facility. The city plans to convert the land into green space while the MBTA plans to build a $50 million facility for its new compressed natural gas buses.
ORLANDO-The three-year-old Council for Sustainable Florida, a non-profit, Tallahassee, FL-based consortium of corporate and government executives, recognized 21 statewide public and private groups for their outstanding performance, leadership and initiative in 2000.
SAN DIEGO-The county board of supervisors is considering a set of conditions that would have to be met in order for Indian tribes to secure liquor licenses at their casinos.
OAKBROOK TERRACE, IL-The Treasury Department's Office of Thrift Supervision accepts a plan by the Chicago-based Pritzker family to provide a $355-million bailout and take over financially-troubled Superior Bank FSB.