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BURLINGTON, NJ-The funding will provide loans and grants to both local municipalities and private organizations for brownfield projects. The NJ DEP and EDA will administer the program.
MIAMI-The financing, arranged by Sandstone Realty Advisors, is to fund the purchase and improvements of the Highland Beach Club. GE Real Estate provided the first mortgage, and South Charles Investment Corp. provided mezzanine financing.
RICHMOND, VA-The $82 million mixed-use project known as Riverside on the James takes a step closer to realization, as invited guests step out for a private groundbreaking ceremony.
BLUE BELL, PA-The chemical logistics specialist will relocate from nearby Plymouth Meeting to the 7,333-sf third floor of Abington Hall at 1777 Sentry Park West here this quarter. Columbia National and AR Solutions also ink leases in the 220,000-sf complex.
MIAMI-Ronald Schrager has been named COO, Robert Cherry has been appointed chief investment officer, David Team has become president of the U.S. Commercial Property Group, and Mark Griffith was named president of the company's European operations.
ESCONDIDO, CA-A Culver City-based distributor of heaters and air-conditioners shells out $2.1 million for the building, which contains both office and warehouse space. The deal comes as San Diego County's flex/R&D market continues on its upward swing.
SOUTH BRIDGE, VA-Another new Wal-Mart is on the way to Virginia as the retail chain's real estate arm purchases a 23-acre parcel of land to accommodate what will ultimately be a 135,000-sf Wal-Mart Supercenter store.
DETROIT-Officials with the Pontiac Silverdome Authority have videotaped developers' presentations involving the rebuilding of the former Detroit Lions football stadium to broadcast over the local cable television channel. Three companies have submitted plans to rebuild the Silverdome, all of which include large mixed-use developments, gaming centers, industrial parks and a convention/entertainment center.