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YONKERS, NY-A retail merchandising firm headquartered in Queens, NY is considering subleasing more than 400,000 sf of space at the former Saks Fifth Ave. distribution center here from Qwest Communications.
WOODLAND HILLS, CA-ATK Missile Systems, formerly Science and Applied Technology, inks a renewal for 31,000 sf at its headquarters and 74,000 of additional space at a nearby office building scheduled to be completed later this year.
DALLAS-The All-Star line-up keeps the Uptown trophy at 90% occupancy in deal making that could redline a proposed office project. Another five to seven leases will close in 30 days in a push to reclaim the glory days of 100% occupancy.
NEW YORK CITY-Last month it was a $43-million investment in six Paris assisted-living facilities. Now, W.P. Carey has taken on a 15-property health club portfolio in the US. Seller Wellbridge will continue to occupy the assets under a single 20-year net lease.
MIAMI-GREC Conversions II Ltd. paid $83,065 per unit in cash to Tarragon Realty Investors for the eight-story, 124-unit apartment building, located on Biscayne Bay here. The new owner plans to convert the building into condominiums.
DENVER-Occupanies were slightly lower at Denver-area hotels this January than a year before; the airport area had the highest rates, while the southeast suburbs had the lowest.
CHICAGO-The former South Water Market tenant passed on CenterPoint Properties Trust's new International Produce Market, but buys 8.8 acres next door at 2501 S. Damen Ave. for $2.5 million.
URBANDALE, IA-The country-club style multifamily community was sold by apartment REIT Aimco to local investment firm BH Equities. The complex includes a nine-hole golf course, tennis courts and a fitness center.