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LONDON-The UK government's policy of clamping down on out of town retail development is now bearing fruit, and completions during 2000 stood at the lowest level since 1992.
CARMEL, NY-Construction is expected to begin later this month on a 94-unit $11.7 million senior housing community here that will be built by Westchester developers Wilder Balter Partners and the Housing Action Council.
NORTHBROOK, IL-Results of a slowing economy, especially in the tech and telecom sectors, hits Grubb & Ellis Co. hard. The company shows a $372,000 loss, down from a record $2.7 million profit in the first three months of 2000.
ORLANDO-S.O.M. Investors Inc. paid S.O.M. Partners Ltd. $2.86 million for the 11-year-old, 87%-leased, 23,516-sf Shoppes at Maitland in suburban Maitland, FL. The deal is one of the highest per-sf retail transactions this year.
MINNEAPOLIS-Alan Hans, Cory Hoeppner and Steve Johnson all come from Evensen Dodge Inc. in Minneapolis. They will provide investment banking and financial advisory services to state and local housing finance agencies.
HOUSTON-International freight forwarder Zust Bachmeier USA has sealed a 48,246-sf deal for more warehouse space in a property along Ranking Road. At Bayport North Industrial Park, Calpine Central has leased 45,919 sf.
FREEHOLD, NJ-The Virginia-based multifamily residential developer is set to open its on-site leasing office and slates a summertime move-in for Avalon at Freehold.
NEW YORK CITY-Greg Collins, a broker with Julien J. Studley, and Bob Eychner of Eychner Associates both tell GlobeSt.com this city is the place to be and that tenants are coming back, not fleeing to the suburbs.
DENVER-Area apartment vacancy rates fell to 4.5% in the first quarter from 4.7% in the fourth quarter. But the decline can't be pinned entirely on renters leaving apartments for single-family homes.
LONDON - Morley Fund Management, which handles the property assets of insurance giant CGNU, has appointed NAI Gooch Webster to manage a further 135 properties