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NEW YORK CITY-Silverstein Properties Inc. filed suit late Tuesday against Industrial Risk Insurers to compel the insurer to fully satisfy its obligation to pay for the reconstruction of 7 World Trade Center, a Silverstein building destroyed on September 11.
CAMBRIDGE, MA-Art Technology Group Inc. settles three of its excess real estate obligations. The locally-based software developer will pay $9.7 million to fully settle $38.2 million of future lease obligations.
MONROVIA, CA-The LA-based industrial investment firm adds to its San Gabriel Valley portfolio by spending close to $5.8 million for a fully leased building along the 210 Tech Corridor. Seller Bixby Ranch Co. once counted Boeing as a building tenant.
DETROIT-Local communities already suffering because of state cuts now wait for MDNR to pay property taxes on large swaths of land, though the department recently
SOUTH BRUNSWICK, NJ-Formerly occupied by the now-bankrupt Fleming Cos., the sprawling Allianz of America-owned facility is being marketed by Cushman & Wakefield of NJ.
WESTON-Principal Global Investors, which bought the 96,342-sf shopping center for $13.2 million in December 1997, has sold it for $23.12 million. The buyer of the 7-year-old property was a West Coast-based pension fund.
DENVER-The hospital primarily responsible for caring for Denver's indigent and uninsured will get more beds and a new outpatient facility, thanks to voters' approval of a bond issue on this week's ballot.
MCLEAN, VA-In a transaction valued at $564 million, Sunrise Assisted Living Inc. engages in a 44-property sale/long-term manage back arrangement with a group of investors operating under the watchful eye of Macquarie Capital Partners LLC.
DENVER-Among the retailers that will be coming to the retail part of the redevelopment of the former Stapleton International Airport are Noodles & Co., Chipotle, Coldstone Creamery, Jerusalem Restaurant, and Get Fired Up Pottery.