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BOSTON-IDX Systems Corp. renews its lease for 47,361 sf of space at 116 Huntington Ave. The company has been the largest tenant since the 14-story building, which is owned by New Boston Fund, was constructed in 1991.
CHICAGO-Vacant properties, some owned by the city for as long as 18 years, are sold to local developers who plan to build 44 condominium units in four separate projects.
DALLAS-Lincoln Property parts with one piece of a portfolio bought four months ago and one that had EastGroup wanting three buildings but not the whole shebang. The REIT pays cash for a 50% empty building to get breathing space in a 98%-leased portfolio.
LONDON, ONTARIO-Two investment groups are in negotiations to purchase General Motors' locomotive plant in Ontario. A source close to the negotiations said that while there are "serious" discussions underway, no timeline has been established.
NEW YORK CITY-The World Trade Center site plan will be reworked to ensure that the "footprints" where the twin towers once stood will remain undeveloped.
BROOKLINE, MA-Federal Realty Investment Trust sells the Shoppes at Coolidge Corner to the Hamilton Co. for $8.2 million. The 13,101-sf center features eight tenants and is situated at the intersection of Beacon and Harvard streets.
BALTIMORE-Building number two, a 60,000-sf structure, prepares to rise up at the 41-acre bwtech@UMBC Research and Technology Park, a development project of Grosvenor. The new building will cost $9 million to build.
PUERTO RICO-The 428,000-sf office, manufacturing and distribution complex is comprised of six connected buildings. The 60-acre property includes a 17-acre development site. The buyer, Lightstone Real Estate Partners, LLC, plans to re-position the property.
AUSTIN, TX-The high court's decision reverses a 2001 decision by a three-judge panel from San Antonio's 13th Court of Appeals and prevents the heirs of William Warren Chapman from going to trial based on allegations that Mr. Chapman's family members were wrongly denied their claim to 15,500 acres of land at King Ranch in Nueces County.