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AIKEN, SC-UPS Customhouse Brokerage Inc. plans to be operating in June from a new regional import clearing center here, about 180 miles south of Downtown Atlanta.
McCOOK, IL-Work is expected to begin soon on the second phase of CenterPoint Businesss Center--McCook, a 445,008-sf warehouse facility in the REIT's 22.5-acre mixed-use business park. Completion is scheduled for September.
ROCKVILLE, MD-Donald Wood will manage the trust's daily operations, in addition to having responsibility for the financial performance of the trust's 120 shopping center and main street properties.
ORLANDO-Although Orlando is still considered a prime market for institutional investors, private capital buyers will be competing more aggressively with the publicly-traded firms this year for trophy properties now that interest rates have dropped and the supply of prime development sites is dwindling, finds a new CB Richard Ellis Inc. analysis.
ORLANDO-Realvest Partners Inc founder/chairman George Livingston estimates his firm's growth rate right off the bat. Robin L. Webb, Arvida Real Estate Services Inc.'s vice president/managing broker in the Orlando commercial division, reallocates some assets to expand marketing programs for clients.
DALLAS-First Industrial is using a 49-acre buy in Pinnacle Park to jockey for positioning as an industrial developer in Dallas-Ft. Worth. Until recently, the Chicago-based firm had stuck to buying existing properties in the metroplex.
SAN DIEGO-Membership-shopping warehouse chain PriceSmart Inc. announced that two additional locations are set to open within the next 60 days in the Caribbean.
AUSTIN-It's been a relatively active week in the Austin-San Antonio leasing arena. Five deals for 57,957 sf have been sealed for office, retail and industrial buildings. Simplified Development has snagged the largest spot, 21,575 sf of industrial space along Austin's Metric Boulevard.
SOUTHFIELD, MI-Marcus and Millichap predicts property values should continue to rise after last year's gains in the city and suburban markets. "A healthy number of sales and more large transactions" are predicted.
CHICAGO-The multifamily provider assembles a team with social services, planning, development and management backgrounds to win a recommendation for a pre-development contract for a West Side housing project.