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HOWEY-IN-THE-HILLS, FL-Holston Properties & Development Co. of Orlando has submitted tentative development plans to town officials here for a 388-acre community that would offer about 650 townhomes and single-family residences--but no new school to handle the influx of expected students.
WASHINGTON, DC-Previously jointly owned by JP Morgan Fleming Investment Management and Carr Realty LP, the class A office building at 1717 Pennsylvania Ave. is now 100% owned by Carr Realty.
MELVILLE, NY-The REIT based here will exchange all of the outstanding shares of its Class B Common Stock in November for shares of its Class A Common Stock.
WESTWOOD, MA-New Boston Fund says its two acquisitions--a 116,000-sf flex building for $10.1 million and a 100,000-sf telecommunications facility for $6 million--offer immediate, strong cash flow to its investors.
LONDON-Brewer Scottish & Newcastle has sold its pubs, restaurants and hotels business to the Spirit Amber Bidco consortium for pounds 2.5 billion ($4.2 billion).
DENVER-The local office market is showing some signs of hope. The overall vacancy rate fell to 21.8% from 22.5%, the first time in eight quarters that the rate has improved.
STERLING HEIGHTS, MI-The Sterling Inn will invest more than $1 million in a 9,000-sf expansion of its existing indoor water park in order to make it a destination location.
CLIFTON, NJ-The REIT boosts its Garden State portfolio to the 11 million-sf mark after paying $9.8 million for the 100%-leased distribution center in North Jersey.