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WESTMINSTER, CO-Cascade Gardens Apartments Inc. has turned a 118% profit on a property bought just three years ago. The 112-unit complex fetched $4.7 million.
LINCOLNTON, NC-The Lincolnton-Lincoln County Airport, about 40 miles northwest of Downtown Charlotte, will be a hot commercial development spot in the near-future but the area currently doesn't have sewer and water services to accommodate any new planned projects.
AURORA, CO-A leading family-owned vehicle dealership is adding a $2.5-million Volkswagen center to the lineup at its flagship location. The two-story, 27,000-sf center will open in late spring 2001.
RALEIGH, NC-The local chapter of the Society for the Prevention of Cruelty to Animals has bought a 46-acre tract here from Carolina Power & Light Co. for $1.38 million or $30,000 per acre (69 cents per sf).
ORANGE COUNTY, CA - Fujitsu Business Communication Systems, Inc., a division of Fujitsu Limited, has leased industrial space from The Irvine Company in the Irvine Spectrum for 10 years. Terms of the transaction were not disclosed.
DETROIT-Lease rates went up while construction was down in the third quarter, says CB Richard Ellis in its third quarter market report. Absorption is up 10% from the same quarter a year ago.
BRISBANE, CA-Company representatives declined to comment, but reports have the Internet iteration of Wal-Mart stores expanding into 140,000 sf with its move to new space here. Yesterday, Walmart.com re-launched its site.
TEMPLE, TX-Trammell Crow Central Texas Development has lured Albertsons, a leading grocer, to anchor a 100,000-sf retail center in the state's 11th largest sales market. The project will break ground in first quarter 2001 and deliver in the fourth quarter.