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SAN FRANCISCO-Locally based AMB Property Corp. enters into a partnership with the City and County of San Francisco Employees' Retirement System that will acquire, develop and redevelop distribution facilities nationwide.
DENVER-The city scores a 3.7 and the only buy recommendation in the nation from Chicago-based Real Estate Research Corp. The fourth quarter analysis ranks markets across the board, forewarning an industrial shakeout in Denver if there's a quarterback sack in the high-tech arena.
NEWARK-Then there were six . . . from a list of 18 bidders, the New Newark Foundation has narrowed the field and is on the verge of picking the preferred developer for a key project in the city's ongoing rebirth.
COLORADO SPRINGS, CO-The multifamily market is tighter in Colorado Springs than in Denver. Nonetheless, a slight rent decrease has been experienced, but it's only temporary relief for tenants, says a local analyst.
ORLANDO-Hilton Grand Vacations Co. will be building the 384-unit in the area's main tourist corridor of south International Drive where competitors Marriott Vacation Club International and Starwood Vacation Ownership opened new time shares in January.
HOUSTON-Dirt has been flying for 10 months, now it's time to open the doors on The Woodlands' Sterling Ridge Village Center. The 130,000-sf retail center boasts a 97% occupancy as the community makes plans for the official ribbon cutting.
ELMWOOD PARK, NJ-LKD Associates will try to attract corporate tenants from points east, including New York City, with lower rents. Occupancy for the biggest block of spec space to hit the market in a decade is slated for mid-summer.
SHELTON, CT-Inrange Technologies has sold its property at 1 Waterview Dr. here for $5.5 million to a New Jersey-based real estate investment firm. The building totals 92,000 sf of space.