The Los Angeles Community Redevelopment Agency has given a $125 million mixed-use redevelopment plan the go-ahead, and agreed to allocate $42.2 million to support the project in one of South Los Angeles’ most...
New York-based Cushman & Wakefield Inc. has been picked to manage Sun Microsystem’s national portfolio of office and industrial properties. The contract, which covers approximately 220 properties, is effective Oct...
As part of a plan to expand its portfolio in the Washington, D.C., suburbs, Columbia, Md.-based Corporate Office Properties Trust has acquired the $27.3 million 11800 Tech Road in North Silver Spring, Md. The 236,441...
Paric Corp., based in O’Fallon, Mo., has started construction on The Willows at Brooking Park, a $60 million luxury retirement community in Chesterfield, Mo. Phase one of the project — expected to open in mid-2003 —...
Developers Diversified Realty (DDR), a Cleveland-based REIT that owns more than 62 million sq. ft. of retail real estate, yesterday announced five new additions to its growing portfolio. The properties were purchased...
The Ashforth Co., based in Stamford, Conn., has expanded its Philadelphia presence by purchasing a majority interest in the 982,000 sq. ft. 1818 Market Street in a joint venture with GE Asset Management. The purchase...
Dallas-based Olympus Real Estate Partners has acquired its first Manhattan office property, 417 Fifth Ave., through its newly formed joint venture with Murray Hill Properties, a New York-based management company. The...
Construction is under way on an 800,000 sq. ft. retail center in Exton, Pa., owned and developed by Plymouth Meeting, Pa.-based Wolfson-Verrichia Group Inc. Main Street at Exton will be a $45 million complex anchored...
Dallas-based closeout retailer Tuesday Morning reported a whopping 85% increase in second-quarter earnings and a 112% increase in first-half earnings for the period ending June 30, 2002...
Despite significant exposure to bankrupt Kmart’s leases, Kimco Realty Corp. recently announced second-quarter net income rose 2.9% to $61.1 million from $59.4 million for the same period last year...