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ATLANTA-Locally based Southwire Co., a supplier to major commercial real estate projects, has sold its Hawesville, KY facility to Century Aluminum Co. of Monterey, CA for $450 million.
ANAHEIM, CA-A newly released study of the county's office market by Voit Commercial Brokerage says dot.com failures and corporate downsizing are partially to blame for the increase.
DETROIT- The organization receives $100,000 to open a college placement office in Troy, MI and bring more high technology firms into the area along I-75 to the north and south of high-tech, office-heavy city of Auburn Hills.
KANKAKEE, IL- Micro Inks Corp. buys a 268,000-sf former Sherwin-Williams plant here to manufacture and distribute ink products. The sale is one of four deals closed by Colliers Bennett & Kahnweiler Inc.'s Charles V. Canale.
ORLANDO-In an unending scenario, the U.S. Department of Housing and Urban Development wants the five-citizen Sanford Housing Authority to return funds that were spent on non-authorized items. Sanford is 30 miles north of Downtown Orlando.
NEW YORK CITY-In 1998, the class A facility recently underwent $6-million in capital improvements to its lobby, elevators, roof, garage, and energy management and fire alarm systems.
ARLINGTON HEIGHTS, IL- A 28,762-sf bank building on a 2.7-acre outlot in the Arlington Market Shopping Center in this northwest suburb of Chicago sells for $942,500 in a minimum-bid, sealed-bid-auction.
AUSTIN-Johnson & Johnson is ready to sell its over-the-counter manufacturing plant and 65 acres of prime land. The operation is headed to a new plant in Puerto Rico. The good news for any buyer is that the company might go for an interim sale-leaseback deal.
ST. PAUL, MN-Despite a surge in financing, the rating agency is impressed with the city's redevelopment success, fiscal restraint and relatively low debt. Standard & Poor's gave the city a AAA rating for the first time.
ORLANDO-Grubb & Ellis Co. is the first brokerage to pinpoint first-quarter weaknesses due to company downsizing, mergers and tenant relocations. The three million-sf southwest Orlando tourist submarket was hit hardest with vacancies of 21.4%.