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DALLAS-Two related companies, existing tenants at 1700 Pacific, replace a five-year lease with a new one at a new rate and a relocation from 3,500 sf into 15,485 sf of class A space. McGraw Hill comes through the door for 5,957 sf for its Standard & Poor's team.
SOUTHFIELD, MI-Ramco-Gershenson declares a third quarter dividend of $0.42 a share. Shares of the company have been trading in the $25.00-$25.50 range this week, just below their 52-week high of $25.95.
TEMPE, AZ-A group of investors with a catchy name put 1031 money to work in the Sky Harbor submarket when they purchased a 12,275-sf industrial building. Now Chandler Boys Ventures is looking for a tenant--or a buyer.
DENVER-The locally based apartment REIT declares a dividend of 58 cents per series A preferred shares payable on Sept. 30 to shareholders of record on Sept. 16.
LOPATCONG, NJ-After a $9 million makeover, the largely vacant Hillcrest Mall will be reborn with three-quarters of its space set aside for medical uses. Existing retail tenants will stay in place.
SOUTH BRUNSWICK, NJ-The borrower is food cooperative Wakefern, which occupies most of a 734,000-sf distribution center developed by the Morris Cos. here.
CHICAGO-The ninth through 32nd floors of 151 N. State St. will include 124 condominiums, with 37,000 sf of retail space on the first two floors. The third through eighth floors will likely be 66 multifamily rental units, but could be changed into offices or hotel rooms.