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PACIFICA, CA-Al Pace, CEO of seller Pacific Property Co., owner of some 4,000 units in California, tells GlobeSt.com he's confident of the market in both the Bay Area and Silicon Valley.
LONDON-Industrial investor Brixton has signed a deal with W.T Foods Group for a new production unit to be developed at the Great Western Industrial Park, Southall, West London.
SANDPOINT, ID-White Pine Lodge will be located in the heart of Schweitzer's ski-resort village. The 75,000-sf steel and concrete structure will feature 48 fully furnished one-two-and three-bedroom condominiums with sweeping views of Lake Pend Oreille and the Cabinet Mountains.
SAN ANTONIO-A three-year-old development company has found a niche in the medical office sector and is now plotting its first specialty park. Atlee Development's plan calls for a four-building, 170,000-sf project on 14 acres.
CORAL SPRINGS, FL-The Tampa-area discount furniture retailer pays Miami-based Pan American Group Inc. $6.5 million or $141,304 per acre ($3.24 per sf) for a 46-acre industrial-warehouse site in Corporate Park here, 34 miles north of Miami.
CHICAGO-State Street Associates will pay $10.2 million, minus up to $2 million for demolition and environmental remediation, for a block-long South Loop site at 1101-83 S. State St. for a mixed-use project.
WASHINGTON, DC-The Urban Land Institute says while industry will go through a slowdown through mid-2002, real estate will be a defensive investment. Survey participants named Washington, DC the best for investment and Atlanta the worst.
LAUDERHILL, FL-An affiliate of locally based Southern Facilities Development forsakes a potential long-term gain of about $30 million in a deal to sell a 96-acre tract for $15 million to a county-run conservation trust.
DALLAS-Cornerstone Crossing is readying to break ground on a 114,400-sf second phase for the projected 400,000-sf industrial park. Meanwhile, the 25.4-acre park has a new leasing team, which is close to signing a 50,000-sf tenant for the new building.
ORLANDO-Canadian Imperial Bank of Commerce leases 112,000 sf for eight years at an estimated gross aggregate value of $17 million, bringing the 261,000-sf Maitland Colonnades office building to 98% occupancy. It's the largest office deal this year.