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ORLANDO-The North Miami Beach-based REIT pays California-based Hunters Creek Plaza Inc. $7.5 million, or $110.24 per sf, for the 94%-leased neighborhood shopping center in here.
ROCHESTER, MN-The $390,000 project is being done by KKE Architects' Justice Team, which is working on five other jails in the Upper Midwest. The project added 62 beds to the current 108-bed, direct supervision facility.
CHICAGO-A 90,000-sf warehouse in Brighton Park sells for less than $22 per sf, while a Greater Grand Crossing asset goes to a user for less than $15 per sf.
DENVER-The 68 townhomes will be priced from about $135,000 to $145,000, while comparable market-rate units would cost about $200,000. Mayor John Hickenlooper helped plant a tree as a symbol of the groundbreaking.
HOUSTON-Martin & Cannon, a group of attorneys and CPAs, re-ups an 8,177-sf office at 6363 Woodway Dr. while Primary Services, a personnel staffing firm, holds tight to 5,647 sf at 520 Post Oak Blvd. Both renewals were driven by economics, the broker says.
CARSON, CA-Watson Land Co. is adding the industrial space to its Dominguez Technology Center to meet what it describes as "continued strong demand for new buildings.
DALLAS-The Dallas investor uses 1031 Exchange proceeds for a cash down payment on a $1.8-million acquisition shouldering a $1.1-million HUD loan assumption for a 34-year-old, 98%-leased complex in the Pleasant Grove area. It's the buyer's second purchase in two weeks.
STAMFORD, CT-GHP Office Realty of White Plains has acquired the 30 Buxton Farms Road office building here for $8.3 million and is in contract for an additional two office buildings in the New York metro area.
ASHBURN, VA-George Washington University breaks new ground, becoming the first university in the world to host an indoor highway crash test center. The campus will be home to an 80,000-sf research facility.
SAN DIEGO-McMillin Commercial, a division of Corky McMillin Cos., finishes work on the first phase of the Liberty Station Office District, which consists of two class A facilities. The buildings comprise a total of 100,000 sf.