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LOGAN TWP., NJ-The sprawling facility, which would be used to distribute to the Northeast markets, would be the first company-owned terminal in the US. A 2008 completion is anticipated.
CAPE CORAL, FL-Snappers Inc. signed a lease with the property owner, RealMark Marina Grill LLC, to operate the project here long term. It is the first waterfront restaurant in town.
PHOENIX-Samaritan Surgicenters moves its administrative offices to the Talley Plaza at 2800 N. 44th St. in a relocation that gives the firm an additional 5,000 sf or 15,000 sf total under a five-year lease arrangement.
RYE BROOK, NY-The ownership of the former IBM facility at 900 King St. has already spent $2 million in improvements and has funded $10 million more to convert the 207,000-sf building into a multi-tenanted property.
BOSTON-In a surprise move, the city's zoning commission delays its vote on Kensington Investment's plan to build a 30-story apartment building in Chinatown on Washington Street. The 346-unit project had faced intense opposition.
MIAMI-The increase should not be as much as this year, according to Marcus & Millichap Real Estate Investment Brokerage Co. A recent report by the company also states that asking rents are expected to continue to rise next year, while completions planned for next year are just about two-thirds the number completed this year.
WASHINGTON, DC-A new home for the Newseum, the celebrated interactive museum of news, gets under way with a groundbreaking ceremony for the $400-million endeavor. The museum will be housed in the 530,000-sf mixed-use building.
PORTLAND-The publicly traded company hires Coby Holley away from CB Richard Ellis to direct its commercial real estate operations in the Pacific Northwest. Holley was managing director of Insignia/ESG prior to the company's merger with CBRE.
HOUSTON-A locally based investment group, led by Republic Capital, secures a 10-year loan for $3.3 million at an interest rate of about 6%, using the 37,533-sf St. Joseph Medical Plaza at 2101 Crawford St. as collateral.