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DENVER-The historic building, parts of which date to the late 19th century, will become a loft redevelopment. It will be aimed at first-time buyers, according to the developer.
JERSEY CITY, NJ-The four-building project, which will total 21 units, is part of a redevelopment effort along this city's troubled Martin Luther King Drive.
NORTH HAMPTON, NH-Lafayette Place, a 119,882 sf shopping center located on Route 1, secures an $11 million first mortgage. The center is anchored by Shaw's supermarket and Home Depot, which is on a separate parcel.
FULLERTON, CA-A tofu manufacturer buys a 90,000-sf building for $6.7 million while an investor acquires a 74,065-sf structure for slightly less than $5.3 million at Operon Group's new Fullerton Moore Business Park.
GROVELAND, FL-Elected officials in this South Lake County city of 3,000 permanent residents dispute a state agency's position that urban sprawl will result from the development of 3,000 new homes in the near future.
PALM DESERT, CA-The 220-unit Palm Lake Village Apartment complex is surrounded by luxury housing and a gated golf course. The deal's sole broker says the asset, with monthly rents ranging from $670 to $1,160, closed at a 7.2% cap rate
ONTARIO, CA-The Inland Empire apartment market remains among the healthiest in the nation despite an increase in vacancies in the two-county region, according to a new report. The average sales price spiked 20% in the past year.
EAST JORDAN, MI-A $3 million beach-front condo project has been completed in northwestern Michigan, while another developer seeks state permission to transform wetlands for 61-unit project in Oakland County.
ESCONDIDO, CA-Fakitimi & Mohtashami acquires the property from the Eye Counseling & Crisis Services Inc. for $995,000. The buyer plans to open a 4,000-sf dental office in the building and lease out the remaining space.
REVERE, MA-The Suffolk Downs racetrack sells a 30-acre parcel it owns on Route 1A to Stop & Shop supermarket, which along with New England Development, a Boston-based developer of regional shopping malls, plans to build a 250,000-sf retail center.