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EDINA, MN-The struggling software seller will stay in its 3,000-sf local headquarters on a month-to-month lease; earlier this year, it had subleased about 106,000 sf of its facilities and terminated leases in New York and the United Kingdom.
TROY, MI-iCap Realty Advisors has announced several loan closings from its Troy office including a construction loan for a 27,000-sf single-tenant industrial building in Zilwaukee, MI and a first mortgage loan on a seven-story, 77,000 gross sf office building in Ann Arbor, MI.
WHITE PLAINS, NY-Store officials said the Source at White Plains development will generate more than $9 million a year in local taxes and will create more than 700 jobs when completed.
BRIGHTON, CO-Owner and operator of nine regional distribution centers to build a 300,300-sf distribution center/warehouse here at a cost of $7 million.
FORT LAUDERDALE, FL-Liberty is renovating the 102,000-sf vacant office property to increase its value and expects the building to be ready for occupancy in the first quarter of 2004. No leases have been signed yet.
BOSTON-The state considers legal action against Bechtel/Parsons Brinckerhoff, the Big Dig's lead contractor. The project's budget ballooned to $14.6 billion and a report indicates that the contractor cost the state $65 million in cost overruns.
DALLAS-A first-time multifamily buyer gets a 30-year-old, single-building holding in one of the city's more eclectic neighborhoods. Listed at $825,000, the 91%-leased asset was clearly a "location-driven sale," the broker says.
NEW YORK CITY-Manhattan Landing, on the East Side, has been zoned for residential development for 25 years and, although it has been dormant since, the time may come to develop the area, according to architect Costas Kondylis.
NEW YORK CITY-The construction of a 650-unit residential apartment building at 2 Gold St. in Lower Manhattan will be supported by just more than $180 million in financing, arranged by Fleet Real Estate Finance Group.