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ALPINE, CA-United Development Group snaps up the 33-unit apartment asset, which stands at 2616 Alpine Blvd. The new owner plans to convert the property into condominiums.
ROCKY MOUNT, VA-MW Manufacturers Inc. makes a move to accommodate expansion of its Lineal Technologies division with the $4.7 million relocation to a 100,000-sf facility.
MIAMI-Equity One recently opened the 88,111-sf, 86% occupied neighborhood shopping center here. It is anchored by a 44,271-sf Publix supermarket and a Kentucky Fried Chicken restaurant is scheduled to open in one of the outparcels in July.
BEDFORD, MA-Fuji Photo Film USA Inc. will expand its facility at Hanscom Air Force Base by adding 60,000 sf to the 75,000-sf building. The expansion is being done through an incentive program developed by the state's Department of Economic Development.
SOMERVILLE, NJ-The insurer will continue to occupy its 12,000-sf space at a Green Fund Realty Partnership-owned office building after a transactions arranged by Julien J. Studley Inc.
LOS ANGELES-Kidney Center and Cancer Detection Center sign LA-area leases for new space. One transaction secures an 8,000-sf center for 12 years at Verugo Hills and the other ropes off 5,025 sf for 65 months in LA.
BOSTON-The Massachusetts Bay Turnpike Authority agrees not to seize 47 acres of the Massachusetts Turnpike Authority's land in Allston. The property is part of a parcel the Turnpike Authority wants to sell to Harvard University but its proximity to key rail yards raised some concern.
SILVER SPRING, MD-The imposing 1,119-unit Berkshire Towers apartment property gets a new owner, as Stellar Management takes the 19-story building off the hands of Berkshire Realty Holdings LP. Stellar relied on a team of individuals to orchestrate a financing package involving $110 million in first mortgage debt and $36 million in joint-venture equity.
NEWPORT BEACH, CA-The company taps John T. Caley, a former Argus Realty exec, to be a Rexford senior vice president heading acquisition and development in Orange County, where the firm is committed to enlarging its footprint.