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CHICAGO-Michael McGrath, a car dealer in Chicago, is planning to expand his Elston Avenue Lexus dealership by opening a new Acura showroom right across the road.
NEW YORK CITY-Dallas-based Invesco Real Estate and New York-based Kaufman Organization have closed a deal to acquire a 17-story, 270,000-foot office tower at 100-104 Fifth Ave. for an amount of $93.5 million or about $346 per square foot.
ORANGE BEACH, AL-Local developers, Michael Lerner, John McLinden and Arthur Slaven are being sued by Bank of America Corp., for $7 million over a development site in Orange Beach, AL.
NEW YORK CITY-The West 23rd Street building in Chelsea has witnessed a flurry of leasing activity since the department store Saks snapped up 28,000 square feet of space in the building this summer.