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NEW YORK CITY-Morgan Stanley's purchase of a majority of Lend Lease's US real estate equity investment businesses is expected to close Nov. 19. The move adds $13 billion in property assets to its portfolio.
NEW BRUNSWICK, NJ-The two buildings, located in the Wick Cos.' BrunsWick Industrial Center, will push the complex close to the one-million-sf mark in total space.
MESA, AZ-One of Mesa's most popular Mexican restaurants, Rancho de Tia Rosa, will stay at its present location even though the two-building property has been sold. The restaurant owners sign a 20-year lease as part of the $2.7-million trade.
SCHAUMBURG, IL-Locally based Finch & Barry Properties Ltd. gets $102 per sf for the 38,033-sf flex property on nearly three acres at 1335-39 Basswood Dr., which is fully leased to three tenants.
ATLANTA-A commercial real estate professional for 20 years, the former senior vice president of G&E will be executive director in Advantis's local office, focusing on strengthening the firm's Investment Services Group.
NORWALK, CT-Hitachi Credit America will relocate its offices in Greenwich to 28,590 sf of space at the RiverPark office complex here, says officials with Hines, which brokered the deal.
WASHINGTON, DC-Cushman & Wakefield is focusing its attentions on the multifamily market more intently with the hiring of industry veteran Keith Misner in the role of senior managing director for the firm's multifamily division.
TEMPE, AZ-City officials are considering a $22.7-million proposal from Big League Dreams USA to build a multi-use sports complex on 48 acres as a lure to draw sports fans back to the city after the loss of the Arizona Cardinals and the Fiesta Bowl to Glendale.
LOVELAND, CO-The provider of healthcare products for dogs and cats has signed a letter of intent for a long-term lease for a new 60,000-sf headquarters at Centerra, a mixed-use development in this northern city.
LONG BEACH, CA-A Los Angeles-based investment partnership has acquired the 356-unit Southwood Gardens apartments from a seller based in Southern California for $38.5 million.