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KERNERSVILLE, NC-Lend Lease of New York City reports it has been selected by the Department of Veteran Affairs to design, build, and manage a new 280,000-square-foot VA Healthcare Center here.
RALEIGH, NC-An investment fund managed by Lone Star Funds of Dallas has paid $45 million for a total of 11 commercial office buildings in Raleigh and Morrisville that were sold in January via foreclosure.
MINNEAPOLIS, MN-Investment activity is strong in Minneapolis-St. Paul due in part to investors turning to second-tier cities for attractive returns on investment.
TRENTON, NJ-The New Jersey Gaming Enforcement Division reports it received applications from 37 firms by Monday's deadline looking to engage in Internet gambling in the state.
LIVINGSTON, NJ-A 43,100-square-foot flex building at 8-10 MicroLab Road has been sold to LifeTown Inc., which plans to build a $13-million community center “village” at the site.
NEW YORK CITY-Alvin Dworman's ADCO Group will be occupying the entire third floor at 450 Park Ave. The 86-year-old real estate executive signed a deal for 10,800 square feet at the property located between East 56th and East 57th streets.
NEW YORK CITY-The Blackstone Group and Deutsche Bank are engaged in negotiations to create and sell the first bond that would be backed by home rental payments.