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ROYAL OAK, MI-Developer and building owner Jack Hanna reworking 12-story condo project to make units less costly, also waiting to see if downtown Music Theater can capture new owners
TAYLOR, MI-The new interchange to be built for I-94 by moving the exits and eastbound lane of the highway to the north, will create 35 acres of developable land which Insite Commercial Group says would be great for an office or industrial park.
BEVERLY, MA-Brookwood Financial Partners leases 12,700-sf of office space at 50 Dunham Rd. The deal represents a relocation and expansion for the private equity firm, from its former facility at 55 Tozer Rd.
CALABASAS, CA-Digital Insight, an Internet banking service provider, renews two office leases to keep its Southern California operations in Arden Realty buildings. One lease, with an eight-year term, provides 46,000 sf of headquarters space.
KEYSVILLE, VA-Care Rehab and Orthopaedic Products Inc. chooses a Commonwealth location for its new $3 million manufacturing and distribution center. The facility will create 50 new jobs in Charlotte County Industrial Park's 50,400-sf shell building.
MILLBURN, NJ-The financial services firm's advisory group and brokerage unit will share the building, which is being developed by Pinnacle Communities and is nearing completion.
RIVERSIDE, CA-The March Joint Powers Authority approves the Canyon Crossings plan after developer Transcan relinquishes plans for apartments and theaters on the 84.7-acre site at the I-215 and 60 freeways.
MUNDELEIN, IL-Mid-Northern Equities Ltd. and Mid-America and Mid-America Asset Management Inc. have more than 80% of their $62-million project spoken for, and now hope to begin construction this summer.
SOMERS, NY-Urstadt Biddle Properties Inc. has acquired the last remaining major retail space in Somers with the purchase of Somers Commons, a 126,000-sf shopping center, for $21.65 million.
MIAMI-The building, located in Miami-Dade County's Gratigny Central submarket, was previously owned and occupied by National Electronics of Miami. Cushman & Wakefield brokered the $3.1 million sale.