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SOMERVILLE, MA-One Liberty Properties Inc. purchases the retail property for $2.5 million. Leased to Walgreen's, the property is a standard acquisition for the NY-based REIT, which targets single-tenant, net-leased properties.
WILSONVILLE, OR-Mastercraft Furniture leases the space in two separate buildings in ProLogis Trust's Wilsonville Corporate Center and Wilbur-Ellis takes space in Greg Specht's Stafford Distribution Center.
BUENA PARK, CA-The 8,469-sf Buena Park Center's location across from Knott's Berry Farms is an enviable buy. Two LA investors take the title from Olympic-Barrington Partnership, also LA based.
BRANSON, MO-Located along more than a mile of lakefront property adjacent to downtown Branson, the mixed-use project will include a 220,000-sf convention center, 300-key hotel and a 1.2-mile promenade lined with retail and entertainment venues.
BASTROP, TX-The plan calls for a 50,000-sf hospital in Bastrop and a 29,000-sf expansion to the Smithville facility, both owned by the Smithville Hospital Authority. Twenty-five acres are under contract for the Bastrop hospital
RANCHO BERNARDO, CA-GMAC Commercial Mortgage Corp. places a $26-million equity investment in Pacific Property Co.'s acquisition of the 338-unit Carmel Mountain Apartments and 262-unit Mountain Ranch Apartments in Rancho Bernardo.
CLIFTON, NJ-The North Jersey facility was acquired from Great Lakes Paper by Craftline Manufacturing in a complicated transaction arranged by Lerman Sanders Realty.
SLEEPY HOLLOW, NY-Roseland Property Company has submitted plans to redevelop the former General Motors assembly plant here into a massive mixed use project that would include 1,562 residential housing units on more than 96 acres.
DENVER-The City Council finally approves a 1,100-room hotel across from the convention center that can accommodate larger conventions, which the Denver business climate would like to attract.
CHICAGO-Klein, Thorpe & Jenkins, Ltd. renews its 17,510-sf lease at Equity Office Properties' West Loop asset at 20 N. Wacker Dr. Location near transportation helps keep the law firm put.