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MIAMI-The three properties were the 45,600-sf Lake Worth Commerce Center in Lake Worth, a 34,395-sf light industrial property here and a 45,000-sf Home Depot in Naples. The financing was secured by Cohen Financial.
BOSTON-The Boston Architectural Center leases 13,800 sf at 100 Massachusetts Ave. The building will serve as classroom space to accommodate its studio and thesis programs and it is close to the center's headquarters.
SCOTTSDALE, AZ-The North Scottsdale Corporate Center will be Opus West's largest office project in the six-state region. The 34-acre development gets under way with a 150,000-sf, four-story building in an office submarket that's tripled in size in three years.
CHICAGO-The Denver-based not-for-profit affordable housing organization buys Lavergne Courts and Washington Courts, totaling 261 units. The deal is part of an $11-million, 415-unit deal with ShoreBank.
LANSING, MI-Donald E. Jakeway has been named the president and CEO of the Michigan Economic Development Corp. Previously with Growth Partnership in Toledo, he helped to create more than 3,800 new jobs and spur more than $1.1 billion in private investment and hopes are he'll do the same for Michigan.
LONDON-Isis Property has sold its 400,000-sf Castle Mall shopping centre in Norwich, Norfolk to Capital & Regional and Morley Fund Management's Mall Fund for pounds 115 million ($185 million). It has taken units in the fund as payment, giving it a 19.8% stake.
BALTIMORE-Longtime tenant Tomlinson Craft Collection decides to renew its lease by eight years and expand its occupancy by 900 sf to 2,300 sf at the Rotunda, a 215,000-sf mixed-use property.
BETHLEHEM, PA-Making good on its promise to expand here, the locally based builder/developer buys a 45,600-sf industrial building on City Line Road. The seller will lease it until 2004.
TACOMA, WA-The complex will be anchored by a 94,500-sf casino, which is on the scale of gambling establishments in Reno. Also on the property will be a hotel, five restaurants, a 3,500-seat performance stage, a man-made lake and a 3,000-car parking complex.