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NORTHBROOK, IL-In a move that will take locally based Allstate Insurance Co. out of a real-estate ownership role, the company is selling a nine-building office portfolio consisting of 962,343 sf in six markets across the US.
TAMPA, FL-Humana Medical Plan Inc. signs three 70-month leases for a total 127,324 sf and valued at $10 million at the 919,000-sf Netpark business center here.
PALMETTO, FL-Bradenton-based Beall's Inc. renews its estimated five-year lease for 105,200 sf of warehouse and distribution space at Palmetto Corporate Center at an estimated aggregate rent of $2.1 million. The lease brings the 495,200-sf SI Palmetto Building to 100% occupancy.
SARASOTA, FL-Orlando-based Tarragon South Development Corp. pays ITW Mortgage Investments III of Glenview, IL $35 million or $141,129 per unit for the 248-unit, 251,504-sf Whispering Oaks at Palm Aire apartment community. It plans to convert the apartments to condominiums.
WASHINGTON, DC-In its Commercial Real Estate Spotlight, the National Association of Realtors points to a sharp increase in demand in most areas of commercial real estate in regions surrounding the Louisiana, Mississippi and Alabama markets that were hit by Hurricane Katrina.
TAMPA, FL-The joint venture purchases the 20-building, 89%-leased office/flex property here for $62.63 per sf from another JV, Miami-based Adler Group and New York-based Apollo Real Estate Investors. This was Lutz-GE's first investment in the Tampa market.
STAMFORD, CT-Royal Bank of Scotland and subsidiary RBS Greenwich Capital will move their respective North American headquarters from New York City and Greenwich into a to-be-built $400-million, 500,000-sf facility here.
STAMFORD, CT-Royal Bank of Scotland and subsidiary RBS Greenwich Capital will move their respective North American headquarters from New York City and Greenwich into a to-be-built $400-million, 500,000-sf facility here.
SHENANDOAH, TX-Melting Pot Restaurants Inc. attempts to solidify a "destination dining base" in the region, tapping 4,800 sf of shell space in the Portofino Shopping Center. The long-term lease sets the stage for a fourth-quarter opening.
SHENANDOAH, TX-Melting Pot Restaurants Inc. attempts to solidify a "destination dining base" in the region, tapping 4,800 sf of shell space in the Portofino Shopping Center. The long-term lease sets the stage for a fourth-quarter opening.