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LEESBURG, FL-The 25-acre, 13-tract Leesburg Municipal Industrial Park, 45 miles northwest of Downtown Orlando, is selling more dirt this year than it has in its entire 15-year existence. Reason: Price, at $25,000 per acre or 57 cents per sf.
PURCHASE, NY-Regus Business Centres has received the Site Selection/William Dorsey Service Provider Award from Site Selection magazine for achieving what it terms was outstanding quality in client service.
ISSAQUAH, WA-Leasing agent Mike Livingston of Cushman & Wakefield's Bellevue office says the 156,000-sf building is being designed with beefed-up electrical and HVAC systems to accommodate the needs of high-tech tenants. Space is available at $24/sf net.
LOS ANGELES-Experts saythat the decision by home-improvement giant HomeBase Inc. to close 22 of its stores and convert 62 others is a warning sign for retail-property investors that the economy may be slowing down.
WASHINGTON, DC-Although mall rents will not be immediately affected, department stores could look forward to mergers. Maintaining market share is critical to survival in this economy.
WASHINGTON, DC-Insignia/ESG adds an executive director, sales associate and two financial analysts to its professional staff. John M. Germano is the new executive director of its Tyson's Corner, VA office.
BURLINGTON, MA-The 149-room Boston-Burlington Candlewood Suites has opened for business, the second Candlewood Suites facility now in operation in the greater Boston area.