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PHOENIX-The sell off of Montgomery Ward stores in the Valley continues, with Sears announcing that it is buying two Wards stores, one in Phoenix and one in Glendale.
CUPERTINO, CA-Mission West Properties Inc. announced last week a 27% increase in its quarterly dividend. The company will pay 19 cents a common share on April 10 to all common stockholders of record as of March 30.
JERSEY CITY-The developer is following its first build-to-suit project at a new industrial park with a second one of 137,000 sf, and a third project may be in the works.
GlobeSt.com expands its Commercial Real Estate News into foreign markets. The first to expand its markets into Europe. GlobeSt.com breaks new ground by opening up Real Estate news into the European community
DENVER-The Five Points neighborhood's new image has jumpstarted a 16-unit condo project. It's taken a couple of years, but no longer is the area carrying stigmas of high crime and low-income families. Five units already have been sold, fetching a starting price of $139,900.
ATLANTA-Marriott International is taking 14,268 sf and One Source Marketing is leasing 6,883 sf in the seven-story, 103,000-sf, 30-year-old office building five miles north of Downtown.
SAN BRUNO, CA-The $200 million project was approved by the City Council in February and the developers plan to break ground in 2002. It will include offices, multifamily and senior housing, a hotel and a restaurant.
POST FALLS, ID-Retail space in this bedroom community of Spokane, WA and Coeur d' Alene, ID is being more than doubled by the construction of a new Wal-Mart and 235,000 sf of follow-on construction by a local partnership.
CHICAGO-The company buys the 140-room luxury Four Seasons Resort Punta Mita on the 'Mexican Pacific Rivera' from Dine, a subsidiary of DESC, SA de CV, and Four Seasons for an undisclosed price.
ORANGE COUNTY, CA-The California Coastal Commission approves application and permit for a 32,276-sf facility at swank Laguna Niguel hotel, but the OK comes with several strings attached.