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PHOENIX -Pharmacy giant CVS will build eight new stores in the East Valley now that the firm's developer has sealed deals on more than 40 acres of land in Mesa and Chandler. Gustine Properties of Pittsburgh, PA picked up the parcels in a two month shopping spree.
ARLINGTON, VA-Interstate Hotels & Resorts continues to watch its employees climb the ladder, as former president of hotel operations Robert J. Morse takes on the position of COO.
PHOENIX-The Valley's office market showed signs of improvement in the third quarter with net absorption reaching its highest level in the last three years while vacancies declined. The city's long-suffering Uptown Market, however, continues to battle for tenants.
FAIRLESS HILLS, PA-In an eight-year lease valued at $2.9 million, the warehousing and delivery service provider expands by 50% at 270 and 290 Canal Rd. here. Endurance Real Estate Group owns the four-building industrial park.
RANCHO BERNARDO, CA-Sunroad Centrum picks up the 71,255-sf property from R.B. Phoenix Associates LLC as part of a 1031 Exchange transaction. The three-story complex is located at 11770 Bernardo Plaza Ct. in San Diego.
WEYMOUTH, MA-The town's zoning board of appeals evaluates a scaled-down version of a housing development proposed for a 30-acre parcel in Arbor Hill. Trammell Crow's initial 396 unit-proposal was rejected.
WAKEFIELD, MA-Local residents defeated a measure brought by an activist group opposed to the development of a 56,000-sf Shaw's supermarket in the historic Robie Mills industrial park.
WESTPORT, CT-Northwestern Mutual Life Insurance Co. has signed a lease for 17,070 sf of space at 285 Riverside Ave. here, the former headquarters of Marketing Corporation of America.
HOUSTON-A private investor from Denver buys the 92%-leased La Petite Apartment Community for more than $30,000 per unit. With other Houston-area holdings, the buyer gets economies of scale and an upside opportunity.