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WINDSOR, CT-HRPT Properties Trust of Newton, Mass. has purchased the 100 Northfield Drive office building here for $13.7 million, according to CB Richard Ellis, which brokered the sales deal.
WASHINGTON, DC-The the FHA Multifamily Loan Limit Adjustment Act of 2003, which increases mortgage loan limits for multifamily projects in high-cost areas, makes its way through the US House of Representatives.
PARSIPPANY, NJ-The Cendant subsidiary will operate its latest acquisition under the banner of one of its ERA residential brokerage franchise affiliations.
BLOOMFIELD HILLS, MI-Construction is now under way on a 10,000 sf veterinary diagnostic lab in this Detroit suburb. It is described as the largest veterinary lab now being built anywhere in the country.
DENVER-The Denver Metro Chamber of Commerce's most recent report shows the commercial real estate market remains essentially flat, although the office vacancy rate including sublease space fell slightly.
MIAMI-The highest overall vacancy rate in the third quarter in the county, 11.9%, was experienced in the Medley submarket, followed by the Miami Airport submarket, with an 11.4% overall vacancy rate, according to a new Miami-Dade County industrial report by Codina Realty Services Inc. Oncor International.
HORSHAM, PA-Michael Squillante, former VP of ING Direct, and Frank Madden, former SVP of loan administration at Cenlar, are named VP of customer operations and director of quality assurance in the lender's loan servicing group.
HINGHAM, MA-The move comes despite recent efforts by state legislators to convince biotech companies to remain and expand in the state. Collegium Pharmaceutical is relocating to a new facility in Cumberland, RI.