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ATLANTA-Legacy Property Group beats out a field of bidders, paying $2.8 million for the 80-year-old, 10-story former Federal Reserve Bank of Atlanta headquarters near Centennial Olympic Park.
WOODBURY, MN-The key factor here was the ratio of average income to average house price. Three other Twin Cities suburbs are also among the top cities with less than a 100,000 population in the Central US.
LONDON-A 6.5-acre urban regeneration project in Newark, Nottinghamshire, has received a boost with the sale of a 2.7-acre plot to housebuilder Westbury.
ROCKVILLE, MD-Telecom firm Teletronics makes a financially prudent move by relocating from an 8,000-sf space to a 23,000-sf space while cutting its rent in half.
BREMERTON, WA-Lexington Corporate Properties Trust of New York refinances a 60,000-sf office building here that is master leased to Nextel Communications. The office, industrial and retail REIT secured an interest rate of just over 6%.
PORTLAND-Waterloo Restaurant Ventures Inc., the restaurant chain's franchisee for the Northwest, inks a long-term lease for 6,350 sf at the corner of Third Avenue and Yamhill Street in Downtown Portland.
CAMBRIDGE, MA-Harvard University is selling about $350 million worth of bonds to raise funds for renovation projects including the medical school's new research building, a garage, the Science Center and the Baker Library.
ROCKWALL, TX-Ground will break in the spring on Rockwall Commons, a development with 202 apartments, 25,000 sf of office and 20,000 sf of retail, set on eight acres overlooking Lake Ray Hubbard with views of the Dallas skyline in the distance.
FORT WORTH-The bulk of the capital infusion has been set aside for tenant build-out and leasing commissions as Retail Plazas, the two-year owner, pushes to replenish the roster. The three-year bridge loan can roll to permanent if the 70% occupancy improves.