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WALTHAM, MA-Straumann USA decides to establish its US headquarters in the state. The medical devices company was considering a number of other locations across the country, but was attracted by the state's tax incentives.
NEWNAN, GA-The Chattanooga, TN-based developer is working with the Georgia Regional Transportation Authority in revising development plans for the original 1.3-million-sf Village at Newnan Crossing off Interstate 85 in Coweta County.
PORTLAND-The Portland-based real estate merchant banking and development advisory firm hires the former director of acquisitions & development for National Retail Partners to assist company principal Todd Gooding in sniffing out new investments. SKB currently has $100 million worth of deals in escrow.
NORWALK, CT-Officials with W&M Properties report that five years before its prior lease term was to expire, Nestle Holdings Inc., has renewed its 13,452-sf lease at the MerrittView office complex here.
FARMERS BRANCH, TX-One industrial lease fills a 17,500-sf office/warehouse in Farmers Branch and another carves out 28,099 sf for a relocation from within the Val West Business Park in Carrollton, where the move-in has just begun.
CHATTANOOGA, TN-The retail REIT repurchases 460,083 common units of its operating partnership--the remaining interests of a former executive of CBL who retired in 1997--increasing its interest in the partnership to 54.5% and management's ownership interest to 19.9%.
BOSTON-Congress Group Ventures, along with CB Richard Ellis/Whittier Partners, the property's new leasing agent, unleashes an aggressive marketing campaign to get its 600,000-sf tower at 33 Arch St. pre-leased. The building is scheduled to open early next year and has yet to nail down tenants.
FREMONT, CA-The entitlements, originally high-density office and hotel, now allow for 850,000 sf of retail development. On the heels of the City of Fremont's approval of the change this week, Catellus executes two ground leases for land that can accommodate about 260,000 sf of retail space.