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JACKSONVILLE, FL-The locally based REIT also is selling 3.6 million shares of its common stock at $35.96 per share, a Wall Street price expected to net the company $123.6 million after the offering closes Monday.
BOXBOROUGH, MA-Synqor Inc. cuts a deal with National Development for a phased-in move to 155 Swanson Rd. The company, which manufactures ac/dc converters, is consolidating and expanding with the relocation.
FORT LAUDERDALE, FL-Maleta Construction snags a contract to complete $425,000 for several existing tenants in the 415,000-sf AtlanTech Tower at 6451 N. Federal Highway. Construction started this week and will wrap up in three months.
PHOENIX-Sanford Burstyn, with the firm since 1995, is named senior investment associate, one of the firm's highest levels of recognition. Client relationships and track record back the decision by the board of directors.
BOSTON-The Massachusetts Turnpike Authority seeks proposals from developers interested in building on Parcel 6 in the North End. The property is located along the future Rose Kennedy Greenway that will be created with the completion of the Big Dig.
WILMINGTON, DE-ElderTrust, a senior housing and health-care facility REIT, finds a crafty way to pay off a $14-million loan. The company extends loans on three properties, sells one facility and secures a cash infusion from another asset to come up with the cash.
ENCINITAS, CA-The investment group has used the funds for the acquisition of De La Jolla Plaza Center, an Encinitas retail asset located at 201 S. El Camino Real. The terms of the agreement call for a 10-year, 75% leveraged financing.