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ABERDEEN, NJ-The Texas-based multifamily builder has started work on 290-unit, 14-acre property that will be the first new project on 104-acre site designated for redevelopment by adjacent towns.
FT. WORTH-Crews are hard at work on a $780,000 project for Sysco Food Services of Dallas Inc. Sysco hopes to relocate April 15 to the Riverbend West Business Park office from a spot in west Ft. Worth.
SEATTLE, WA-The Seattle-based purveyor of storage centers exercised its option to buy Fremont Realty Capital's interest in Shurgard/Fremont Partners I, a joint venture that owned some 15 properties that Shurgard developed into storage centers and leased out.
DENVER-1999 got the ball rolling for the 2000 investment market, which had closed the year on a strong note. Grubb & Ellis, in its 2001 forecast, says the metro area has finally shed its 1980s stigma.
SAN JOSE-The organizers of a petition to let the lease expire argue that extending the lease with the ranch is tantamount to the university perpetuating poor labor practices and the unfair treatment of workers.
AUSTIN-A key group of 34 real estate finance executives is giving something more precious than money to the University of Texas' Center for Real Estate Finance. They are donating their time and expertise, says the department chairman.
ATLANTA-JDI Realty of Chicago got a real bargain when it paid Tyco Electronics $5.2 million or $55.91 per sf for a 93,000-sf office/manufacturing building in Peachtree City, 32 miles south of Downtown.
LOS ANGELES-A fund sponsored by locally based CB Richard Ellis Investors LLC acquires 550,000 sf of office and medical space in Las Vegas from Sierra Health Services Inc.
ATLANTA-The auto company's distribution and training center now leases an entire 451,000-sf building in Newpoint Distribution Center in the northeast metro area. The estimated 10-year lease includes 322,000 sf leased last summer.
CHICAGO-A 26-story Downtown office building one block west of the Loop has changed hands. The 290,807-sf building was 99% occupied at the time of the sale. The new owners' plans were not immediately available.