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TAYLOR, MI-Friedman real estate has negotiated a 12,000-sf lease for light industrial space in Taylor. The tenant, Commercial Tire Services, is expanding into the Detroit market.
COLUMBIA, MD-The Rouse Co. negotiates a deal to make its longtime home its own by purchasing its corporate headquarters building from American Real Estate Holding LP in an $11 million transaction.
KING OF PRUSSIA, PA-The recruiter of patients for clinical medication trials pays just over $1 million to Glassport, PA-based Tube City, which relocates to 4,800 sf at 300 Four Falls Corporate Center in West Conshohocken, PA.
PHILADELPHIA-The Peninsula, a 30-story tower, the first of five in Waterfront Square, a 780-unit condo development planned for 9.6 acres at Piers 36-39, begins marketing units priced from $220,000 to more than $1.5 million.
TRAVERSE CITY, MI-The $1 million grant will assist in the cleanup of the former Traverse City State Hospital brownfield site to eventually be redeveloped into a mixed-use commercial and residential project.
HOUSTON-In a 70-30 split, JPMorgan Fleming and Crescent Real Estate Equities acquire One BriarLake Plaza from New York-based Tishman Speyer Properties. The Westchase property was 89% occupied at closing with no near-term rollover on the leases.
AVENTURA, FL-The 193-unit condominium project planned here is the first Miami-area development for Orlando-based GDC Premier Communities of Florida. The project will feature one- to three-bedroom units ranging from 900 sf to 1,900 sf and priced from the $300,000s.
JACKSONVILLE, FL-Peter Crolius, a vice president in TCC's Seattle business unit, will head the firm's project leasing services group that oversees 800,000 sf of office and industrial space in Northeast Florida. Traci Jenks joins TCC as a leasing team associate.
PORTLAND-United Parcel Service exercises its option to buy the local property it's been leasing from Catellus Development Corp. UPS still hopes to trade a portion of the property with the US Military for land adjacent its main sorting facility on Swan Island.