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BROWNS MILLS, NJ-The 83,000-sf Pine Grove Shopping Center moves into the REIT's portfolio from that of its developer, J. Loew & Associates, which opened it just last year.
WOODLAND, WA-City and county staffers here tell GlobeSt.com the big-box retailer has submitted for site plan approval to develop a high-cube distribution facility on 34 acres near Exit 21 off Interstate 5. Dollar Tree recently acquired 58 acres at Exit 14 for a 650,000-sf distribution center.
DENVER-The mayor of Denver has proposed a dedicated inspector at the new convention hotel construction site to monitor contractors and subcontractors, to satisfy union complaints that workers on public projects aren't being paid according to the city's own rules.
MIAMI-Dockerty Romer & Co. arranged the funds to refinance Michael's Plaza, an 85,000-sf retail center across the street from Pembroke Lakes Mall in Pembroke Pines, FL. The financing was obtained from Fidelity Federal Bank & Trust.
BURLINGTON, MA-The HNTB Companies leases 10,753 sf of office space at Building One in Burlington Woods Office Park. The Kansas City-based firm will use the office space for its Railroad and Transit Consulting Engineering Group.
INDIANAPOLIS, IN-The broker in the transaction tells GlobeSt.com the three properties in the portfolio are still in the lease-up stage, so the properties were cross collateralized to provide more security for the lender, TIAA-CREF.
BLOOMFIELD HILLS, MI-Retail executive Myron Ullman will fill the seat vacated by A. Alfred Taubman's imprisonment, in part to block board takeover attempt by Simon Property Group.
MIAMI-Four companies recently inked deals at the 97%-occupied, 2.3 million-sf, class A, mixed-use business park here. The largest lease was with International Tires Corp., which signed for 43,000 sf. Overall, brokers are encouraged by the leasing activity at the park this year.
OAKLAND, CA-Boornazian, Jensen & Garthe takes 18,715-sf on the 18th floor of the 486,000-sf Downtown office tower completed in 2002. The 21-story building is owned by a 50-50 partnership of the State Teachers Retirement System of Ohio and a fund that includes San Francisco-based Shorenstein Co., which also manages the building.
LONDON-The six-year project to regenerate the former USAF base at Greenham Common in Newbury, Berkshire, has won a Queen's Award for Sustainable Development.