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PINE HILL, NJ-The Pine Hill Partners project in South Jersey, which will include a 40,000-sf retail center, will be located adjacent to Pine Valley Golf Club, considered by aficionados to be the top golf course in the country.
JACKSONVILLE, FL-Despite recalculations of the REIT's funds from operations and net income to be done for the fourth quarter, Martin E. Stein Jr., chairman and CEO of Regency Centers Corp., says the company's financials are healthy.
AURORA, IL-Marywood Apartment Homes LP pays $45,526 per unit for the eight-building complex located northeast of Orchard Road and Galena Boulevard. It is part of a 400-unit redevelopment project.
OAK BROOK, IL-The location is not disclosed, but CenterPoint Properties Trust is poised to close on an acquisition next month that will pave the way for a redevelopment project similar to one the REIT is beginning in southwest suburban McCook.
BETHESDA, MD-The 253-unit Whitney at Bethesda Theatre development reaches completion with Donohoe Construction Co. at the helm, and developers the Bozzuto Group and Smith Payes LLC steering the project.
WASHINGTON, DC-HUD has announced that there is $574 million available in HOPE VI Revitalization and Demolition funds for public housing authorities throughout the US.
LONDON-Greycoat subsidiary City Offices and the German fund CGI have let the 15,600-sf One Paternoster Square, London EC4 to Lexicon Partners at a rumoured pounds 50 ($85) per sf.
BEAVERTON, OR-The operating partnership of Wells REIT pays International Business Machines Corp. $38.4 million for five buildings on 21 acres and 32 acres of developable land. The development is next door to Nike's world campus.