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MIAMI-The financing for Ocean Blue, under construction in Miami Beach, was from Bank of America and arranged by locally based HR Mortgage & Realty Co. The 110-unit project is set to be completed by the end of the year.
ATLANTA-In the largest office deal of the year, Coca-Cola Enterprises Inc. is taking a total 214,000 sf for an estimated 10 years in some of the space IBM Corp. vacated at the 687,000-sf Wildwood Plaza at 3200 Windy Hill Rd.
NEW YORK CITY-The likes of Emeril Lagasse, Bobby Flay and other Food Network icons might be packing up their pots and pans and heading downtown to new studio space. And it might be sooner rather than later, insiders tell GlobeSt.com
WASHINGTON, DC-Resource America secures a recapitalization of the 218,000-sf Evening Star Building, an historic property currently valued at $102 million as per Washington DC tax records.
GENOA TOWNSHIP, MI -RBS Cos. says the attached ranch and loft-style units will have the top in luxury, including full basements and two-car garages, in growing area west of Detroit.
IRWINDALE, CA-A private investor from West Los Angeles acquires the 148,000-sf building, which is 60% leased from First Industrial Trust. The structure at 5300 Irwindale Blvd. is near the 210 Freeway.
PHOENIX-The onslaught of new rules and regulations has some REITs now eyeing going private as audit committees deal with increased pressures from the changes in corporate disclosure and accounting practices.
HOUSTON-Dealer Direct quadruples its industrial space in a relocation from North Houston to the northwest. The firm signed a mid-term lease for ProLogis' Perimeter Park, taking a spot in the larger of the two buildings.
SAN DIEGO-G.W. Williams & Co. acquires the 7,500-sf office asset from Timothy J. & Pamela Culver Trust. The new owner plans to occupy the property, which is located at 6610 Flanders Dr. in San Diego.
ORLANDO-Terms of the settlement include that the 20-year-old homebuilder relinquish properties with a book value of over $60 million and transfer $45 million worth of certain operating accounts payable and debt to the former joint venture partner.