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ORLANDO-Locally based eMax Corp., a holding company for family entertainment and media firms, wants to buy high-equity properties and other income-generating investment assets to take advantage of existing low interest rates.
PATERSON, NJ-In what started out as a sale/leaseback, M. Tucker will lease the building on a long-term basis and Par Realty will continue to own it. An option to buy comes with the lease agreement.
LONDON-White Rock Properties, in conjunction with ING Real Estate, has made its investment market debut with the pounds 14.75 million ($24 million) purchase of the Suffolk Retail Park in Ipswich, Suffolk.
MIAMI-The firm plans to increase the occupancy of Colonial Bank Centre at 1200 Brickell Ave. from 80% to 95% within a year. Cushman & Wakefield formerly leased the 245,000-sf building.
PLYMOUTH-Real estate development firm DeMattia has completed work on a new 37,000-sf headquarters for a German auto parts supplier here. The new facility replaces existing office space in Livonia that Karmann had opened in 1996.
INDIANAPOLIS-The Lakewood, NJ-based real estate company acquires 762 units in two properties from a large apartment REIT for $25 million, or $32,808 per door.
WASHINGTON, DC-The District is on target to get its first Hampton Inn, as Clark Residential comes on board as the general contractor for the development of the $15 million hotel.