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NEW YORK CITY-In two separate transactions, Newmark & Co. Real Estate Inc. completes the purchase of the 20,600-sf 12 East 52nd St. and wins the leasing assignment for the office portion of 52 Vanderbilt Ave., a 186,000-sf property adjacent to Grand Central Station.
HORSHAM, PA-Banana Republic, Ann Taylor, and Talbot's are among the national retailers that will be in residence when the $6.5-million, 21-building Shoppes at English Village opens on 14 acres here this June. Columbus, OH-based Stanbery Development is the owner.
SEATTLE-A five- or six-story extended-stay hotel on Aurora Avenue near Seattle Center is starting the city's approval process along with a 187-unit apartment building slated for a triangular shaped block at the confluence of East Denny and East Madison.
HOUSTON-Affordable Apartments of America, a Houston-based operation, secures a Triple A rating from Freddie Mac on a 30-year loan with 5% interest rate in a dollar-for-dollar restructuring of the tax-exempt bonds that financed the 2001 purchase.
WHITE PLAINS-GHP Office Realty, which owns approximately two million sf of commercial office space in the tri-state area, has hired outside brokerage firms as leasing agents at some of its properties.
CHATSWORTH, CA-Nukote's move in May takes it from a 46,000-sf industrial site to a 124,518-sf building. The office equipment imaging supplier has signed a five-year industrial lease for a manufacturing and distribution site.
SALEM, NH-Brooks Properties gets $44.6 million in permanent financing for its portfolio of 10 office and industrial properties located in northern Massachusetts and southern New Hampshire.
HOUSTON-A Houston law firm holds firm in 10,643 sf while a Dallas staffing company sheds some office space to sign for 8,360 sf. In both cases, the tenants looked around and then signed mid-term leases for existing addresses.
CARROLLTON, TX-Nature's Formula gets the keys early to the bulk warehouse, being retooled with 21,000 sf of headquarters space, to start the consolidation move from three locations in Valwood. The 10-year lease brings early-outs at two of the three spots.