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WESTFORD, MA-Courier Corp. sells 200,000 sf of its multi-building manufacturing complex in the Forge Village area to Abbot Mill LLC for $1.7 million. Abbot wants to convert the facilities into a residential complex.
RIVERSIDE, CA-Aslan Realty Group of Irvine and the Buchanan Funds of Newport Beach acquire the 296-unit Birchwood Apartments, with Buchanan arranging acquisition financing plus joint venture funding.
WOODBRIDGE, NJ-Continental Opportunity Fund I, managed by Continental Properties, is looking for value-added deals in most categories, emphasizing the southern and western US.
FAIRFAX COUNTY, VA-The firm is adding two new retail centers to its portfolio with the $31 million purchase of South Valley Shopping Center and Mount Vernon Plaza from separate owners. The adjacent properties account for 213,000 sf and 257,000 sf, respectively.
WESTMINSTER, CO-Invstors have paid big bucks for a retail property northwest of Denver. It is reportedly the highest price ever paid per sf for retail in Adams County.
RIVERSIDE COUNTY, CA-The apartment market in the two-county region, which includes Riverside and San Bernardino counties, takes the top spot out of 40 markets in the annual Marcus & Millichap National Apartment Index.
WEST LONG BRANCH, NJ-The former YHD Realty will become part of Foxton's London-based platform, completing a process that began last year when the latter made a major investment in YHD's online residential brokerage.
DALLAS-The Dallas-based food giant files the petition today in US Bankruptcy Court in Delaware. All facilities will remain open and vendors should be paid "on time and in the usual manner," said the firm's interim president and CEO.
LONDON-Prospects for the London office market continue to look gloomy. Take-up in 2002 fell to the lowest annual recorded level for more than 17 years, according to new research from Chesterton.
BLOOMFIELD HILLS, MI-The game isn't up yet. Indy-based Simon still wants Taubman, and has extended its offer to buy shares of the REIT until the end of May. The Taubman family is still resisting the idea.