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LOS ANGELES-The Los Angeles World Trade Center names Grubb & Ellis as management and leasing agent for the 345,600-sf office and retail center located in the Bunker Hill area of Downtown Los Angeles.
FORT MYERS, FL-3G LLC, a local investor, purchased the five-story, 59,399-sf, bank-anchored office building for $3 million, or about $50.50 per sf. The building was approximately 60% occupied at the time of the sale.
HILLSIDE, NJ-The seller bought the asset just a year ago, secured a long-term tenant and made major capital improvements during its short tenure. Profeta & Associates is the buyer.
LAKEWOOD, CA-The 661-unit complex is one of the largest in the state and one of the biggest single apartment assets to hit the market of late, says Marcus & Millichap broker Ron Harris.
JENKINTOWN, PA-The branches are in California and Nevada and are among 33 overlapping locations that resulted following Citibank West's acquisition of California Federal Bank last year. Citibank owns seven of the branches and has leasehold interests in 14.
SCOTTSDALE, AZ-A grassroots group, STOP 'EM, takes legal action to force Scottsdale City Council to let voters decide if developer Steve Ellman gets the subsidy for the Los Arcos Mall project. The first lawsuit was filed a month ago.
CHARLESTOWN, MA-Service Employees International Union Local 888, which represents 1.5 million members internationally, leases 13,763 sf at the Schrafft's Center on Medford Street. The 625,000-sf building is currently 92% leased.
WICHITA FALLS, TX-Realtex Development Corp. kicks off work on the 104-unit Woodview Apartments on 6.5 acres near Sheppard Air Force Base. The gated complex gets its start with the $5.9-million sale of tax credits.