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SAN FRANCISCO-Gilbert Castle, a specialist in the field of Geographic Information Systems, will oversee the company's efforts to launch its real-time, Internet-based site selection, acquisition and management solution for retailers and hoteliers.
VIENNA, VA-Chain Links Retail Advisors signed MyShoppingCenter.com to provide broadband connections and services to the properties it represents. Both say the retailers' broadband needs have been underserved.
SAN FRANCISCO-The $95-million acquisition includes air-freight facilities totaling 896,721 sf on-tarmac at the Baltimore-Washington, Dallas/Ft. Worth, Dayton, Jacksonville, Kansas City, Los Angeles, Philadelphia and Seattle-Tacoma airports.
LAKEWOOD, WA-The city has been saving to build its own administrative home since becoming a city less than five years ago. It's getting the land from Wells Fargo for $10 with the hope it will jumpstart the bank's struggling Lakewood Mall.
MIAMI-The new facility, Beacon CyberPort, has 750,000 sf of existing warehouse, showroom and office and will have 200,000 sf of new construction. The price of the property was not disclosed.
ATLANTA-The life insurance firm paid $44.9 million or $149 per sf for the six-story, 302,000-sf Royal Centre Four in north Atlanta. Opus will continue to lease and manage the assets.
HOWELL TWP., NJ-Insurer takes more than 33,000 sf in Monmouth County Facility and will use the space as a claims processing center and sales office. The company will be relocating from nearby Brick Twp.
LIVERMORE, CA-Developer Trumark Commercial will begin construction on its 76,000-sf Copper Hill Business Park by spring 2001. Once fully leased, the company predicts it will be able to sell the four-building project for about $150/sf.
DALLAS-Wyndham International executives are breathing easy, with third-quarter returns reflecting the right strategy is in place for continued growth. The strategy entails property dispositions worldwide to support a focus on becoming a branded hotel operating company.