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PURCHASE, NY—WESTMED Medical Group and developers Simone Healthcare Development and Fareri Associates staged a grand opening ceremony for the new 3030 Westchester Ave. office building—the first new office product completed on the I-287 corridor here in a quarter of a century.
NEW YORK CITY—Wegmans Food Markets will be the main tenant in the Admirals Row complex at the Brooklyn Navy Yard, which is undergoing a $140-million redevelopment.
OWINGS MILLS, MD—Inland Real Estate Group, Inc. of Oak Brook, IL has purchased the Giant Foods anchored New Town Village Center here for $31.68 million.
BOSTON—Thanks to the strongest economic and job growth since the late 1990s, a Savills Studley executive says some submarkets in Boston are like riding a popular merry-go-round: once one company leaves space, another firm hops on.
RICHMOND, VA—The Davis Companies of Boston have acquired the River City Renaissance portfolio of 29 historic properties here in a bankruptcy auction for $37.35 million.
NEW YORK CITY—Adam Davis, a more than 25-year veteran of the commercial real estate finance industry, has been named to a new position as leader of four of Wells Fargo's structured commercial real estate businesses.