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GREENWICH, CT-The HB Nitkin Group has obtained $30 million in permanent financing for its Greenwich Financial Center office property. The deal, brokered by Holliday Fenoglio Fowler LP and securitized through Greenwich Capital, is for a 10-year term.
LEWISVILLE, TX-Opus West starts site work on a 643,000-sf, two-building first phase to 121 Lakepointe Crossing, a 1.2-million-sf development set on 65 acres of Triple Freeport land north of Dallas.
DEARBORN, MI-Ramco-Gershenson Properties Trust has purchased the 313,000-sf shopping center here for $19.4 million from Malan Realty Investors. Fairlane Meadows marks the third acquisition by the company in a little more than two months.
PHOENIX-The resort owner will pay a dividend of 10 cents, marking the third consecutive payout. The dividend is payable Oct. 10 to qualified shareholders. The last earnings report reflected income of $1.5 million.
NEWARK, NJ-The 118,000-sf office building is Kushner's third in this city's downtown, and joint venturer IDT is the prime tenant in one of the other ones. The seller was Catholic Community Services.
ST. MICHAEL, MN-KKE Architects choose brick, metal cornices, gas fireplaces and mahogany for the new 20,000 sf bank building in this rural Minnesota location.
DENVER-The U.S. Small Business Administration has inducted Alvarado Construction into its Hall of Fame. The firm is one of the largest Hispanic-owned construction companies in the nation.
CHICAGO-Steven Lombardo, owner and operator of the popular Gibson's Steakhouse at 1028 N. Rush St. as well as Tavern on Rush, gets a plan commission recommendation for a family-oriented restaurant at 18-20 E. Bellevue Pl., where "comfort food" would be served.
DORCHESTER, MA-National Wholesale Liquidators, a Long Island, NY-based national retail chain, moves into the Greater Boston area with a 10-year lease for 84,000 sf on Morrissey Boulevard.
CHICAGO-The oil and gas exploration and production company expands its current deal by 27,000 sf in signing a 10-year deal at Willams Center Tower II, where it is the largest tenant.