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CHICAGO- Rochester, NY-based Home Properties has bought the Blackhawk apartment community in Elgin for $17.5 million in cash and debt. The trust plans on spending $1.6 million over the next three years on the complex.
LIVERMORE, CA- Located along the 580 corridor, construction of the four-building Copper Hill Business Park is expected to break ground in the beginning of next year. As things stand currently, the first three buildings have already been approved by the Planning Commission, with final approval of the last building expected by January.
CORNELIUS, NC-Beacon Partners of Charlotte paid Chartwell, a limited partnership, $5.2 million or $56.83 per sf for the seven-building, 91,500-sf Cornelius Business Center here in north Mecklenburg County, about 20 miles north of Charlotte.
CHICAGO-1031properties.com has signed alliances with PropertyRover, StreamingVoices.com, Ameriquotes.com and Tax Deferred Services. It has also launched two new services, the Multimedia Center and the 1031 Intermediary finder service.
ORLANDO-The neotraditionally-designed community in east Orange County is set to launch a $15 million construction program in first quarter 2001 that will include a 100,000-sf town center; 70 apartments; 78 luxury townhomes; a community center; and a new Lutheran Church.
SAN FRANCISCO-Direct vacancy rates on the Peninsula range from 0.1% to 0.9%, but quite a bit of sublease space has been coming on the market as dot-coms bring in the walls to squeeze out profits before their venture capital runs out, according to a third quarter report by CB Richard Ellis.
RALEIGH, NC-A two million-sf office park and an 800,000-sf retail hub are envisioned at this estimated $1 billion venture, about 150 miles northeast of Downtown Charlotte.
CHICAGO-1031properties.com has signed alliances with PropertyRover, StreamingVoices.com, Ameriquotes.com and Tax Deferred Services. It has also launched two new services, the Multimedia Center and the 1031 Intermediary finder service.
PISCATAWAY, NJ-The office facility will feature second-story connector bridges to provide access to a cafeteria, fitness center, auditorium, and neighboring workspaces in adjacent buildings. The three-story structure will house a staff of 1,100.
MIAMI-Even though the market has added some 4,000 rooms in the last two years, local hotel occupancy and daily rates continue to rise, says the Greater Miami Convention & Visitors Bureau.