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CHICAGO, IL-Besides recording $100.9 million in sales, the REIT exits two more secondary markets, part of a strategy that could include sales of office buildings in Baltimore; Columbia, SC; Columbus, OH; Sacramento, CA; and Tulsa, OK.
MIAMI-Henry Pino has left BAP to start Strategic Properties Inc. He is pursuing targeted urban in-fill mixed-use development opportunities. Strategic Properties has two mixed-use projects in the planning stages.
ATLANTA-The proposed zoning category for conservation subdivisions would force developers to allocate at least 40% of land in new residential developments for public parks. Developers would then be allowed to build more houses on smaller lots.
HOUSTON-Tenet Healthcare has signed an agreement to sell the 336-bed acute-care campus in River Oaks and a 190-bed facility in nearby Sharpstown to Hospital Partners of America of Charlotte, NC.
PORTLAND-The wood products maker tells GlobeSt.com it will vacate over the next year about 60% of the six-and-a-half floors it has committed to lease in Downtown's newest high rise through 2011.
JERSEY CITY, NJ-While the 577,575-sf class A asset moves into the portfolio iStar Financial, the REIT still owns more than three million sf at Harborside Financial Center and has room for additional space.
FRAMINGHAM, MA-Five tenants lease 21,964 sf of space in the Meadows at 161 Worcester Rd. on Route 9 in the the city's retail center. A broker involved says that the deals demonstrate that the MetroWest market is turning.
WEST DEPTFORD, NJ-The package consists of 15 office/warehouse buildings within the two million-sf Mid-Atlantic Corporate Center. The transaction represents Cobalt's first incursion into the South Jersey/metro Philadelphia market.