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NORWALK, CT-Medialink Worldwide Inc. in a move to rid itself of excess space at its offices at 800 Connecticut Ave., here, has signed a sublease with Ventus Networks of Old Greenwich, CT. for 7,692 sf of space.
MIAMI-The locally based nut manufacturer and distributor has purchased its third facility in the city. Ital Florida Foods Inc. sold the almost 30,000-sf building to Barnard Nut for approximately $1.43 million.
PHOENIX-The Melbourne at 3009 N. 36th St. brings just $65,000 less than the original asking price in a value-add play with ample upside. Seven vacancies when the deal came to market was down to four at closing time.
ORLANDO-The Marietta, GA-based developer pays locally based Unicorp National Development Co. $3.3 million, or $208,071 per acre, for a prime 15.86-acre multifamily development site diagonally across from the new 1,000-room JW Marriott Hotel and the 550-room Ritz-Carlton Hotel at John Young Parkway and Central Florida Parkway in south Orlando.
LONDON-CLS has been granted planning permission by the London Borough of Lambeth for 80,000 sf of new development adjacent to its Spring Gardens site on the south bank of the Thames at Vauxhall.
MANCHESTER TWP., NJ-The project, scaled back from 15,000 homes, will put to rest developer H. Hovnanian's federal lawsuit, but local officials say they will continue to fight it.
HILLSBORO, OR-The outdoor retailer signs a 10-year lease for 26,000 sf in the 368,000-sf lifestyle center that is set to break ground next week in east Hillsboro and open this time next year. The developer is Continental Real Estate of Columbus, OH.
WASHINGTON, DC-Affordable housing is creeping away from those who need it, according to the National Low Income Housing Coalition. A recent study finds that the national housing wage is double that of the actual minimum wage in 40 states.
CHICAGO-The 8,000 sf at 3552-56 N. Southport Ave. goes to Washington Mutual, Curves Fitness and Southport Grocery and Cafe for $31 per sf, believed to be a record for the hot Southport Avenue retail strip.