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CAMBRIDGE, MA-Peptimmune, Inc. signs a lease/sublease for 11,692 sf of laboratory space at University Park at M.I.T. on 64 Sidney St. The deal is good news for the once invulnerable biotech market here which most recently is showing signs of softening.
WESTLAKE VILLAGE, CA-Pinkerton and Burns, now part of Sweden's Securitas, take the extension option on a lease that included an option to either continue or cancel after five years at CarrAmerica's Westlake Spectrum.
ARLINGTON, TX-A co-investment fund, with ties to Dallas and New York City, make their first retail buy, the 81,900-sf Sublett Corners, before it hits the market. Two other properties are flagged by the lead players, now huddling to expand the new purchase.
COLTON, CA-Bay West Equities of San Francisco adds the Stater Bros. warehouse property to the portfolio as part of a long-term growth plan. The seller, the Government of Singapore Investment Corp., gets about $17.2 million for the 438,996-sf holding.
CHICAGO-CEO John Bucksbaum reveals that the retail REIT expects to close this week on a "dominant mall in its marketplace" in a deal worth $75 million to $100 million.
PARSIPPANY, NJ-The transactions, arranged by the local office of the Teaneck, NJ-based brokerage firm, range from a 32,000-sf office building sale to a 38,000-sf industrial lease.
BOSTON-Hyatt Hotels Corp. assumes management of the four-star Swissotel Boston. The hotel will be renamed Hyatt Regency Boston Financial District, but will continue to be owned by Host Marriott Corp.
PHOENIX-A Phoenix investment group acquires the Aztec I and II to give its affiliate, ITC Manufacturing Co., a permanent home after paying rent on the site for several years. The property wasn't on the market, but the right price delivered the deed.
NEWPORT BEACH, CA-The firm of Newmeyer & Dillion expands to 34,682 sf by subleasing 8,853 sf of office space from another tenant. The assignment was far from easy because the 105,000-sf building was filled and the firm didn't want to move.
OXON HILL, MD-In a deal valued at $22.2 million, Corporate Office Properties Trust sells its two-building Constellation Centre office and retail complex to MGP Real Estate LLC.