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SAN DIEGO-State Farm Mutual inks a lease for 42,834 sf at the Rio Vista Plaza office facility, bringing the 78,167-sf building up to 100% occupancy. The transaction is valued at $5.8 million.
CHICAGO-With MB Real Estate's acquisition of SBG, the company will improve its position locally as a manager of major condo and rental multifamily properties.
REDWOOD CITY, CA-Satellite Laboratory Services LLC plans to relocate from one Redwood City location to another to accommodate growth and has signed a lease to occupy an entire building.
NEW YORK CITY-The foodie-friendly gourmet grocery chain will open a New York City flagship store on concourse one of the 2.1 million-sf Columbus Circle development. A broker on the deal says it will be the "Harrods of New York.
GLENVIEW, IL-The Glen Town Center has signed seven more leases totaling 14,000 sf to round out the mix of retail and entertainment tenants for the project. Additional letters of intent have been signed for over 80% of the redevelopment of the former Naval Air Station for which this North Shore suburb has created the largest TIF district in the U.S.
GEORGETOWN, TX-The Central Texas town is considering a master plan to protect downtown interests from two major retail projects outside the core. City council has the plan in hand and now it wants public comment.
AUSTIN-The CBD relocation takes place May 1, when GE Interlogix, a security communications IT firm, shifts from Norwood Tower to CarrAmerica's newest CBD property to boost its occupancy to 70%.
NEWTON, MA-Senior Housing Properties Trust spends $61 million for 18 Alterra Healthcare Corp. properties in 10 states across the US and provides Alterra with a $6.9 million financing package. Alterra filed for bankruptcy protection in January.
ATLANTA-Liberty Development Corp. is asking for approval of an estimated $200 million project in Clayton County that would comprise 750,000 sf of retail; 100,000 sf of office; 100,000 sf of mini storage space; 442 apartments; 424 townhomes; and 263 single-family residences.