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ARLINGTON, TX-A local investment group is poised for the upside from a $1.2-million acquisition of a 25,986-sf office building that's just 41% occupied. A hefty renovation and a 6,000-sf tenant in hand comprise the bulk of the plan.
NEW YORK CITY-GlobeSt.com has learned that CB Richard Ellis, Cushman & Wakefield and Colliers International have struck a multi-year deal to service roughly 3,000 GE facilities nationally.
SYDNEY-A joint venture of the two companies is selected to partner with the New South Wales Government for the development of Rouse Hill Regional Centre, a planned community in Sydney's north-west corridor.
LONDON-Terrace Hill and The Longford Group have completed their speculative office development at 16 Berkeley Street, London W1 and, having failed to find a pre-letting, they are now marketing it at pounds 65 ($110) per sf.
CORAL GABLES, FL-Patricia Blasi is president of locally based Codina Real Estate Management. She was recently chairman of the ICSC Florida conference in Orlando and has served on other ICSC Florida committees.
STONEHAM, MA-Everest Partners purchases a three-story, 50,648-sf building at 91 Montvale Ave. from New Boston Fund for $6.4 million. The building is 90% leased to medical and office users and is located near Interstate 93.
HOUSTON-As Texas lags behind the nation in rebounding from the recession, the latest results from Grubb & Ellis Co.'s local office market report offer a few bright spots to allay the city's clouded overview.
LONGWOOD, FL-Orlando Auto Auction bought the former Honda dealership property on US 17-92 in this suburban community for $3.1 million and also leased 13 contiguous acres with an option to buy the dirt at a later date. The total deal is valued at $5 million.
WATERFORD, CT-A major new player entered the retail marketplace here with the grand opening of the Waterford Commons shopping center, a 354,686-sf facility that features Dick's Sporting Goods, Best Buy and Borders Books & Music.