CHANGZHOU, CHINA-A four-million-sf retail, commercial, hotel and residential development here in the state of Jiangsu receives planning permission. The developer is a subsidiary of London-based Scarborough Property Company plc.
SEATTLE-A group of former Fisher Properties executives form Egis Real Estate Services and acquire what remains of the operation from parent company Fisher Communications.
UNION CITY, CA-Ajax United Patterns & Molds Inc. sells a 2.3-acre property here to HealthyPets Inc. for $3.4 million. HealthyPets will use the building for its corporate headquarters.
PORTLAND-Three projects slated for Northeast Martin Luther King Boulevard could get under way in 2004 if interest in the projects' commercial components heat up, giving the developers anchor tenants they can take to the bank.
MELBOURNE-The Victorian State Government has formally recognized the Burwood Heights district here as a "major activity center," clearing the way for Los Angeles-based Reading International to develop its land.
SACRAMENTO, CA-Windrose Medical Properties Trust of Indianapolis, IN, pays $9.2 million for a 98%-leased medical office building on the campus of Methodist Hospital of Sacramento.
SEATTLE-The locally based merchant builder sells one of two lots slated for apartments at Second Avenue and Denny Way to the principals of Sierra Construction Co. and will help them develop a condominium building on the site.
SURREY, BC-Toronto-based Public Storage Canadian Properties acquires 2.1 acres here for development of a new mini-warehouse property. Total development cost is slated at $5.1 million.
LYON, FRANCE-The Denver-based owner of distribution facilities worldwide will develop a 165,000-sf facility here for the well-known manufacturer of ski and snowboard equipment.
BREMERTON, WA-Lexington Corporate Properties Trust of New York refinances a 60,000-sf office building here that is master leased to Nextel Communications. The office, industrial and retail REIT secured an interest rate of just over 6%.