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WASHINGTON, DC-The Kentucky Courts multifamily community will go from condemned apartment complex to modernized residential dwelling now that redevelopment of the property is under way.
PORTLAND-The nation's largest provider of apartment and new home directories acquires an apartment directory serving the local market from Traditional Publishing LLC, giving it instant traction in the Portland region.
LONDON-In one of the larger distribution lettings seen in the south-east of England this year Co-Operative Insurance Society has secured Wickes Building Supplies Limited for 130,000 sf at its Maximate development in Hemel Hempstead, Hertfordshire.
RIO GRANDE VALLEY, TX-The 232-unit, fully occupied Rincon in McAllen is the collateral for $12.6 million and the 144-unit, 97%-leased Las Palmas in Brownsville leverages the balance of the financing for Gross Investments.
OAKLAND, CA-The Dallas-based REIT sells 2.5 acres Downtown for $25.5 million to the Catholic Cathedral Corp. of the East Bay. Prentiss acquired the one-time office development parcel in 2000 in a $63.3-million deal that included the adjacent Lake Merritt Tower office building.
WHITE PLAINS, NY-Westchester County and representatives of Italy's Ministry of Economy and Finance are close to signing a letter of intent that would eventually bring the nation's first Italian Trade Center to the county.
SPRINGFIELD, MA-A series of debt and equity transactions totaling over $57 million was secured for Eastfield Mall, a 780,000-sf regional mall that was acquired by affiliates of Mountain Development Corp. four years ago.
AURORA, CO-The redevelopment authority overseeing the multibillion-dollar Fitzsimons medical and bio-tech project believes the time may be right to consider a hotel development.
CHELMSFORD, MA-Sonus Networks Inc. leases 133,000 sf at 250 Apollo Dr. in a sublease with Cisco Systems. The deal represents a consolidation of space for Sonus, which provides packet voice infrastructure solutions.