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NEW YORK CITY-A start-up money management firm is taking over space on the fifth floor 711 Fifth Ave. The company plans to set up shop for at least the next 10 years in the class A building owned by the Coca-Cola Company.
HOUSTON-Another eight acres will be acquired in the next 30 days as Granite Properties and Verde Development push ahead on second-phase plans at Barbour's Cut Business Park, now that the 178,000-sf, under-construction first phase is fully leased.
CHICAGO-Although his resignation includes a one-year non-compete clause, former chief executive officer Douglas Crocker II decides to cut ties as he pursues other business opportunities in his retirement.
ASHBURN, VA-Howard Hughes Medical Institute's 760,000-sf Janelia Farm Research Campus project gets underway with a groundbreaking ceremony. Janelia Farm will feature residential space for visiting scientists, as well as laboratory and conference space.
PEMBROKE PINES-Ravini USA has signed a lease for 15,601 sf of warehouse/distribution space here at Seneca Industrial Park. The five-year lease is valued at $526,959.
PRINCETON, NJ-The long-struggling 175,000-sf retail component of the mixed-use Princeton Forrestal Village will be re-dubbed Rockingham Plaza and reintroduced with more personal and service businesses.
SAN DIEGO-Silver Creek LLC, owned and managed by Gary Beyler, lands a $12-million loan that will be used to refinance the company's Rio Vista Plaza asset. Silver Creek acquired the 78,167-sf office facility last year for $12.9 million from The Shidler Group.
SAN BERNARDINO, CA-A Los Angeles buyer and a Santa Monica seller trade the one-building apartment complex at 1433 E. Lynwood Dr., which was 95% occupied at sale. The two-story walk-up brings in monthly rents ranging from $450 to $800.
BRADENTON, FL-The family-run department store chain is scheduled to close this week on an estimated 300,000 sf of former Florida Kmart locations in Oldsmar, Ormond Beach and Boynton Beach. Area brokers tell GlobeSt.com the estimated value of the deal is $15 million.
BOSTON-Two trucking companies put two one-acre parcels in the city's South Boston neighborhood up for sale. The properties are located near the new Convention Center and close to the redeveloped Seaport district and South Boston's residential neighborhood.