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SAN DIEGO-Burnham Pacific Properties Inc. announced that it has closed the sale of the Anacomp Building in Poway. The $1.6 million in proceeds will be used to reduce debt and for general working capital.
METHOW VALLEY, WA-The Trust for Public Land, which has raised $13 million of the $17 million it needs to purchase and preserve 1,000 acres of land in north central Washington, has been given until Dec. 21 to raise remaining money.
CHICAGO- DataCentersNow of Washington, DC has bought a 110,000-sf building adjacent to O'Hare Airport for development as a data center. The developer is in negotiations to purchase land in Elk Grove Village and Itasca for future data center development.
BURLINGTON, MA-Finard & Co.'s annual report indicates that Eastern Massachusetts retail market showed a less than 1% growth rate over the last year.
ORLANDO-The jet manufacturer hopes to break ground next year on a 148,000-sf office and hangar building and a 200,000-sf surface apron for maintenance at Orlando International Airport. The company also may build another 54,000-sf building on an adjacent four-acre parcel.
COLUMBUS, OH- Glimcher Realty Trust hires Scott McCarthy as senior vice president for development. McCarthy was vice president development at Taubman Centers.
ROSEBURG, OR-The grocery store chain is building Oregon's first Safeway Fuel Station next to its recently expanded store here and Albertson's appears close behind as grocery stores try and steal some business from traditional gasoline retailers.
WHITE PLAINS-Starwood, reporting record third quarter results including a 32% increase in earnings per share and a 16% increase in revenues, also announces that it plans to sell its storied European Ciga Group of hotels.
CARLSBAD-The North County apartment market continues to heat up with the sale of the 72-unit complex. Built in 1972 and renovated last year, it is located less than two blocks from Carlsbad State Beach.
ORANGE COUNTY, CA-Foremost Business Park has purchased the Catellus Corporate Center in Anaheim from Catellus Commercial Group to hold as an investment.<p>