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NEW YORK CITY—Locally-based Gramercy Property Trust Inc. reports it has paid $39.2 million in separate all-cash transactions for two industrial properties in the Chicago region and one in the Boston area totaling approximately 555,000 square feet.
ALEXANDRIA, VA—Hoffman Co. has filed plans with the City of Alexandria that seeks to increase the density and height of a section of the Hoffman Town Center in order to lure the Transportation Security Administration to the complex.
WASHINGTON, DC—Mayor Vincent C. Gray has proposed a bill entitled “Promoting Economic Growth and Job Creation Through Technology Act of 2014” that would establish a lower capital gains tax rate at 3% for long-term investments in Qualified High Technology Companies.
NEWARK, NJ—Former tennis champion Andre Agassi, Bobby Turner and other leaders from the Turner-Agassi Charter School Facilities Fund marked the recent completion of the new campus for the University Heights Charter School here.
LAWRENCEVILLE, NJ—Global pharmaceutical firm Bristol-Myers Squibb Co. reports it will be significantly expanding its presence here with the planned development of a new 650,000-square-foot campus on company-owned land at the intersection of Princeton Pike and Interstate 295.
NEW YORK CITY—Atlanta-based Post Properties Inc. reports it has closed on the sale of its Post Luminaria and Post Toscana apartment communities here for a gross sale price of $270 million.
STAMFORD, CT—The developer of the sprawling mixed-use Harbor Point development reports more than 66,000 square feet of recent lease deals at the Stamford waterfront property, not including its own relocation and 10,000-square-foot expansion inside the complex.
NORWALK, CT—GHP Office Realty, LLC of White Plains, NY reports the signing of five lease deals at its 120 New Canaan Ave. retail strip center here that has brought the property to 100% occupancy.
TAMPA, FL—Nashville, TN-based Healthcare Realty reports it has acquired 17 Davis, a medical-office building here for $8 million in an off-market transaction from M West Holdings.