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NEW YORK CITY-Corus Bank secured a $70 million loan for the purchase and renovation of 63 Wall St. The owners intend to convert the office building into apartment units.
LONDON-The magnificent Crewe Hall in Cheshire is Marston Hotels Group's latest acquisition. Once a WW2 prison camp and lately a stately home, it has 65 rooms
WASHINGTON, DC-The leadership roster at the Building Owners and Managers Association International sees a few big changes as John P. Kelly of Minnesota's Ryan Cos. US Inc. steps into the role of president.
WATERTOWN, MA-OATSystems signs a lease for 7,557 sf of office space at 125 Walnut St. The software company, founded in 2001 by a team of MIT and IIT graduates, is relocating from 42 Spring St.
LOS ANGELES-The firm creates a new position, president and sales manager, and then names the veteran SVP to the slot in Downtown LA and Glendale. A top producer each year, Boyd will continue to broker as well as lead the team.
BINGHAM FARMS, MI-Retail REIT is in the process of liquidating assets. It sold six centers in five states for more than $24 million. Several more sales are now under contract.
HOUSTON-WhiteCo will bring out 230 luxury apartments instead of 170 luxury condos on its 0.85-acre parcel just a block from the Galleria. The reworked project gets funding from GMAC and TIAA-CREFF.
ESCONDIDO, CA-Chin Ciardella Investments LLC acquires the 50,052-sf shopping center from M&H Realty Partners IV LP. Current occupants here include Ralph's, Carl's Jr., 99 Cent Only and Everything $5.
ATLANTA-The Aurora, CO-based firm also plans additional smaller structures on the 32-acre site at Greenwood Industrial Parkway and GA 155 south, according to preliminary development plans filed with Henry County's planning department.
DALLAS-The Federal Home Loan Bank of Dallas allocates funds to 18 projects, with an aggregate development cost of $59 million, in 13 Texas cities. Four grants for nearly $1.3 million go to multifamily projects.