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SANTA ANA, CA-Berwind Property Group Ltd. acquires the 150,451-sf office building at 200 E. Sandpointe Ave. in the John Wayne Airport area near Irvine.
PARKLAND, FL-The multimillion-dollar project is part of the Bonita Springs-based developer's Parkland Golf & Country Club, which will also include 700 single-family homes and other amenities. Prices for the residences range from the $400,000s to approximately $5 million.
DALLAS-The KBA Group becomes the third tenant for the class AA office building in the 1.1-million-sf North Dallas complex. The certified public accounts sign a 10-year lease in the 351,000-sf JPMorgan International Plaza III.
LONDON-Speculation is circulating in the City that InterContinental Hotel Group could dispose of key brands leaving it focused on Holiday Inn. Any sale of the InterContinental and Crowne Plaza brands could raise pounds 2.5 billion ($4 billion).
MILPITAS, CA-In its first Northern California acquisition, the Arlington-based mall developer and operator acquires the 1.3-million-sf mall in Milpitas with plans to renovate the property and give it the 'Mills' brand. The publicly traded company has three other California properties, all in the greater Los Angeles area.
ATLANTA-The 78-year-old real estate, construction and energy management firm has signed a non-binding letter of intent to buy locally based Wheatstone Energy Group Inc. for an undisclosed sum. The deal is expected to close next month.
HOUSTON-The local industrial market has posted another downward performance, with 3.5 million sf of negative absorption and an overall vacancy rate of 10.74%.
BOSTON-Shaw's Supermarkets opens a 44,000-sf store at 4 River St. in the Berger Building in the Dorchester neighborhood's Lower Mills area. The building is part of the Baker Chocolate Historic District.