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SAN DIEGO-The global healthcare organization Project Concern International sells the property to Balboa Medical Services, which plans to use the space to house an ambulance service.
LAWRENCE, MA-The company plans to transform the 98-year-old structure into a mixed-use facility including business, retail, residential, warehousing, educational and light manufacturing space.
HOUSTON-With eyes on retirement, the locally based investor takes the first solid deal that comes along for the 1.3-acre asset at 5097 Ashley Court in the Brittmoore Tanner Business Park. The empty 16,000-sf building asking price was $44 per sf.
LANSING, MI-The state will finance a $7.5 million noise reduction effort at Detroit Metro Airport as part of $28 million in grants to pay for airport construction and improvements around the state.
DEVON, PA-Equipped with a nine-figure purse and the Section 721 Exchange capability, Prestige Group is sent shopping for apartment portfolios and/or properties of 90 units or more in Pennsylvania, New Jersey and Delaware.
LONDON-New research from Slade & Co and the Investment Property Databank shows that landmark office buildings in London have proved better investments over the last 13 years than the general office market in the UK capital.
ARLINGTON, VA-The Air Force Memorial edges closer toward reality with the Air Force Memorial Foundation's recent tapping of Centex Construction Co. to handle pre-construction activities at the three-acre site.
MEMPHIS, TN-BGK Group of Santa Fe, NM acquires White Station Tower in East Memphis from Kaufman Realty Group of Atlanta. The anchor tenant of the multi-tenant property is I-bank, a Memphis-area financial institution that keeps its headquarters in the building.
ATLANTA-The 206,000-sf, open-air shopping center at Dallas Highway (GA 120) and Due West Road had retail commitments that would have brought the property to over 90% pre-opening occupancy had all the contracts been signed, company officials say.
NOVI, MI-iCap Realty closed the $4.78 million mortgage note on the acquisition of Novi Square, acquired as part of a 1031 Exchange. Due to the requirements of this transaction, iCap was able to obtain a loan commitment within two weeks.