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ATLANTA-The North Miami Beach-based retail REIT expects to break ground by the summer on a 13.5 acre shopping center, anchored by a 44,840-sf Publix supermarket, on GA 20, west of McDonough in Henry County. Equity One has been scouting for revenue-generating neighborhood centers since acquiring the 95,597-sf Butler Creek property in July in Acworth, GA.
NASHVILLE, TN-The senior living and health care services provider completes a $171-million transaction with Health Care Property Investors and uses the funds to pay down debt by $158 million, including $52 million of high-interest mezzanine debt.
FRANKLIN TWP., NJ-The Cavagna Group will use the facility, which it acquired from First Industrial, for both manufacturing and distribution purposes. Staubach brokered the transaction.
CRANFORD, NJ-The REIT is paying a group of local investors $8.3 million for the asset in a deal that boosts its holdings within Cranford Business Park to more than 612,000 sf.
HOUSTON-A startup signs a long-term lease for its first office, 3,824 sf in Cornerstone Tower in the northwest submarket. In the CBD, Court Record Research takes a 1,704-sf office in the historic Scanlan Building.
CHESAPEAKE, VA-With the help of Hourigan Construction Corp., Sentara Healthcare begins construction on a new 40,000-sf facility on Volvo Parkway. The two-story site will cost $5.5 million to complete and open in May 2004.
ORLANDO-Despite 4,000 new units expected to surface by year end, the 140,000-unit metro market continues to attract investors who have closed 15 sales totaling 3,330 units and valued at $139.3 million in the first half, according to a new analysis by the local office of CB Richard Ellis Inc.
SPRINGFIELD, MA-David L. Babson & Co. Inc. closes a $399.5 million deal to provide financing for a portfolio of 35 hotel properties in eight states. It is the firm's largest single-borrower real estate financing deal to date.
CHICAGO-Donald J. Trump expects his 500 condominiums to sell fast despite prices pushing into the $800 per sf range, rarified air in the local market. He also says leases on the 315,000 sf of office space should start being signed in the next three months.