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FORT WORTH-The local city council will apply for a $12-million HUD loan and $2-million "Brownfield" grant to help fuel redevelopment of a Montgomery Ward site into a 45-acre retail village. The design is still being discussed, but federal deadlines push the action.
ATLANTA-The locally based urban redeveloper leases the 96-year-old, 9,000-sf property on North Avenue to Derek Lawford Pubs which plans to open The Spotted Dog in the three-story structure. The 10-year lease has an estimated aggregate value of $1.8 million.
ATLANTIC CITY-The 33-story addition will add retail, parking and enough guest rooms to snatch the title of Northeast's biggest hotel back from the newly opened Borgata here.
MIAMI-Several of the leases are new deals for the business park. The new leases have an estimated combined value of $2.3 million and the largest lease was by Suncoast Post Tension, which is taking 38,648 sf in a long-term deal.
BOSTON-Equity Office Properties chooses Trammell Crow Co. to be its leasing broker for 75-101 Federal St. The two buildings, connected by a common lobby, total about 810,000 sf and will soon have about 265,000 sf available.
DALLAS-Wave Wash acquires the land along Northwest Highway near the Garland line from ROE Realty, an affiliate of the RO Evans dealership. With the all-cash deal done, the car wash operator is awaiting the building permit.
PURCHASE, NY-The RPW Group has acquired another Class A property on the Westchester Ave. corridor here. The White Plains-based firm has purchased 2975 Westchester Ave. from Ivy Equities for $18.5 million.
SAN FRANCISCO-Adams, Nye, Sinunu, Bruni & Becht LLP are leaving 14,000 sf at 633 Battery St. for 19,000 sf at 222 Kearny St., a 10-story office building built in 1986 and owned by HCV Partners IV.
HOUSTON-Ladd Commercial Holdings in Dallas buys a 571-unit, 80%-leased complex in Sugar Land while Private Mini Storage based here gets the 550-unit, 70%-leased asset in the Woodlands from merchant builder, United Storage Center.
PRINCE WILLIAM COUNTY, VA-New schools and daycare centers sprout up as general contractor RW Murray Co. commits to overseeing the development of three such facilities with a total value of approximately $3.6 million.