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MARLBORO, NJ-Century 21 Construction, which recently finished building the 153,000-sf home improvement store on the 24-acre tract, is the beneficiary of the loan.
AUSTIN-The sublease tally for the first quarter is nearly twice that of a year ago, says Buls Hodge Consulting. The big run has been on data center space. Despite the wins, vacancy is still 26% for direct and sublease space.
RANCHO MIRAGE, CA-The Westin Mission Hills Resort Villas Phase III has a Phoenix builder and a Phoenix architect on the job, which is due to be finished near the end of the year. A design of 100,000-sf plus has been divvied into 50 villas.
HARTFORD, CT-Officials with New York City-based Metropolitan Funding Corp. report that the lender has closed on a financial package worth $23.2 million for the construction and permanent financing of the Trumbull Centre rental apartment development here in downtown Hartford.
CARLSTADT, NJ-The buyer, Orix Real Estate Equities, picks up a piece of land that already has site plan approvals for up to 368,112 sf of warehouse/distribution space. The sale price was not disclosed.
MIAMI-The Boca Raton, FL-based company has entered into a definitive agreement with AAT Communications to sell either 679 or 801 wireless antenna towers in several states for $160 million or $203 million, respectively.
MIAMI-The financing, from Column Financial, is for the Blue Heron Center, a 152,000-sf industrial facility in West Palm Beach, FL. Stateside Capital took advantage of low interest rates, according to Shannon Rex of Dockerty Romer & Co., who arranged the deal.
DENVER-Bankrupt Adelphia Communications, which wants to move its corporate headquarters to Denver from Coudersport, PA, is still searching for office space. A deal could eventually be made in the Denver Tech Center.