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NEWTON, MA-Financing in the amount of $8.7 million was nailed down for Nonantum Office Park, a three-building, 144,227 sf office park here. Meredith & Grew's Finance & Capital Market Group arranged the loan.
CHICAGO-Neighborhood retail development specialists Matanky Realty Group will get $2.2 million in tax increment financing along with a $400,000 road repair to boost its $8.3 million, 75,699-sf redevelopment in the 1400 block of West 47th Street.
LONDON-Land Securities Trillium, the outsourcing subsidiary of Land Securities, has reached agreement with the Department for Work and Pensions to expand its existing property outsourcing agreement to include the 9 million-sf former Employment Service Estate.
GREENWICH, CT-Hedge fund firm Sagamore Hill Capital Management has signed a sublease for approximately 19,000 sf of space at the 10 Glenville St. building here.
FORT LAUDERDALE, FL-City officials granted approval for the design and concept of the condominium project's oceanfront cabana club, which will feature 23 private cabanas located across the street from the development.
LONDON-Pillar Property has bought two more retail parks in mainland Europe bringing its European portfolio to three sites. These will form the core of a planned Euro 500 million ($600 million) European retail proeprty fund.
NEW YORK CITY-The "For Sale" sign at the Roosevelt Hotel has been taken down. The current owners have rejected numerous bids and will refinance the Midtown landmark instead.
TEMPE, AZ-Huntington Square, which fell out of escrow three times, finally sells to a California group that plans to hold it for the long term. The center, filled with a mix of smaller tenants, changes hands for $4.4 million.