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FARMINGTON HILLS, MI-A single tenant will occupy a 15,000-sf property in New Baltimore, MI, about 40 miles northeast of Detroit. The identity of the tenant is not being disclosed, pending an announcement by the retailer.
ORLAND PARK, IL-Six new leases, including Stein Mart, K&G Men's Co. and Old Navy, mark a continued turn-around of a retail center that was nearly vacant when acquired by HSA Commercial in 1998.
BINGHAM FARMS, MI-The retail REIT promotes Elliott J. Broderick, Alan K. Warnke and Karen L. Zoltowski. They have a combined 35 years with the company that owns and manages 64 retail properties in nine states.
CHICAGO-The international real estate services firm says the market's diversity in employers make it better prepared than others to get through the current economic slump. Some "new frontiers" may even see more growth, it says.
CHICAGO-The international real estate services firm says the market's diversity in employers make it better prepared than others to get through the current economic slump. Some "new frontiers" may even see more growth, it says.
CHICAGO-Equity Office Properties Trust is the nation's largest publicly-held office building owner and manager. It now is Fortune magazine's "Most Admired" real estate company in the US.
CHICAGO-The REIT is negotiating a contract to sell nearly 21 suburban office and 31 industrial properties, representing about 40% of its net operating income. The prospective purchaser is in the midst of due diligence.
CHICAGO-Prime Group Realty Trust leases 210,000 sf at $32 psf net with 3% annual increases over a 10-year term to the financial services company in a deal that establishes "a new high-water mark" for Loop rents.
CHICAGO-Billionaire Sam Zell is noted for his ability to pick up properties at a discount. However, analysts suggest the office REIT paid a premium, at least in the short term, to become No. 1 or 2 in nine of the top 10 markets.
INDIANAPOLIS-The parent company of TJMaxx and Marshalls signs an 11-year lease on an eventual 805,200-sf build-to-suit in Lauth Property Group's Eaglepoint Business Park in Brownsburg, IN, near three major interstates.