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PORTLAND, OR-The Port of Portland Commission this week agrees to sell a 2.82-acre property holding a 54,000-sf warehouse to Emerson Hardware Co., which owns the neighboring property and has been looking for room to expand.
RALEIGH, NC-The public REIT based in Indianapolis buys the 250,200-sf Centerview Office Park and 22 aces of developable land here from the JP Morgan Fleming-managed Strategic Property Fund. The sale price is believed to have been between $24 million and $25 million.
LOS ANGELES-The new study by Marcus & Millichap says L.A.'s apartment market continues to benefit from strong fundamentals and a constricted supply of investment deals that is pushing prices upward.
TIMONIUM, MD-The 160,000-sf Yorkridge Shopping Center is in line for a makeover with the securing of $14.5 million in financing with the assistance of MacKenzie Commercial Real Estate Services LLC.
JOLIET, IL-The 919,800-sf regional shopping mall will become the seventh Westfield Shoppingtown in the Chicago market when the deal with Blackstone Group closes before the end of the year.
ST. PAUL-The chambers of commerce of each city are gearing up efforts to make stadium proposals for both the Minnesota Twins and the Minnesota Vikings. The agency that owns the Metrodome is kicking in $500,000 to aid the process.
MORRISTOWN, NJ-The mortgage banking firm's deals cover a variety of property types in New Jersey and New York, with Thrivent Financial as the primary lender.
ATLANTA-The 11-year-old, San Francisco-based firm has closed three lot option deals with Alpharetta, GA-based MDC Homes which plans to build 600 single-family and townhomes that will have an estimated build-out value of $168 million, or about $280,000 per house.
LONDON-AXA Sun Life has paid pounds 12 million ($20 million) for the 74,000-sf Coppins Bridge Retail & Leisure Park, in Newport, Isle of Wight. The scheme is the only such facility on the island.
DEXTER, MI-A slow economy appears to be the reason a local $150-million mixed-use housing and commercial development has been put on hold. The village council has withdrawn its approval as well.