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CRANBURY, NJ-The signings include a renewal of Pharmacopeia's headquarters lease here, along with a separate expansion lease for the company and a deal for Transave Inc.
MIAMI-Multicore Capital in Fort Lauderdale will be HomeStreet's Fannie Mae Delegated Underwriting and Servicing correspondent, and as such will offer financing for multifamily properties in a six-county area.
ELGIN, IL-Bohler-Uddeholm plans to build a 140,000-sf plant on 10.3 acres in Elgin Corporate Center, where Industrial Developments International has sold 80% of the available acreage.
DETROIT-The McGregor Fund has chipped in $2 million to the Detroit Riverfront Conservancy project. The riverfront plan calls for more than $500 million worth of public and private improvements to be made along the Detroit River downtown.
SAN DIEGO, CA-Private investors Douglas Patino and Barbel Patino acquire the multifamily asset from seller John Sloboda. The complex is located at 3630-3632 Park Blvd. in Balboa Park.
MINNEAPOLIS-Real estate executives at the RealShare Minneapolis conference see industrial picking up, retail and residential staying strong and the office market slow to recover.
ATLANTA-The 24-year-old, locally based Noble Investment Group expects to close the deal in late November with Dallas-based Ashford Hospitality Trust Inc. The properties, totaling 393 rooms, are in metro Atlanta, Jacksonville, FL and Mobile, AL.
SACRAMENTO, CA-The Newport Beach, CA-based real estate investment and development firm sells the six-building, 85,742-sf Lincoln Village Park commercial office development here for $9 million.
LONDON-Savills Fund Management has upgraded its forecast of total returns from commercial property during 2003 to 8.5%. However, the prospect of rising interest rates is likely to dampen property performance during 2004.