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HOBOKEN, NJ-The ubiquitous chef/restaurateur will install his first franchised Wolfgang Puck Express in the northeast in SJP Properties' 1.1 million-sf office complex here.
ASHBURN, VA-Atlantic Realty Cos. makes progress on its Ashbrook project with the recent purchase of 41 acres to accommodate the mixed-use development. The multi-million dollar endeavor will result in 200,000 sf of retail space, 62,000 sf of office condominium space, and a 45,000-sf hotel.
CLAYTON, CA-Despite its high price tag, the City of Clayton has committed itself to renovating and refurbishing the historic Keller Ranch House as a museum or interpretive center.
LOS ANGELES-Andrew Plotnick is named a principal in the LA office of the firm, which recently closed a $600-million mezzanine fund. He formerly was a VP for City National Bank's real estate group.
NEW YORK CITY-Two law practices and a design firm sign deals at the recently renovated Downtown Landmark. Asking rents at the Burris Equities-owned property range from the high $30s to the low $40s per sf.
LONDON-New research by the Royal Institution of Chartered Surveyors shows that house prices are only crawling upwards, and the slowdown is led by the South-East
MESA, AZ-The 54,000-sf office/warehouse trades to a Scottsdale investor looking to satisfy a 1031 Exchange. The buyer's broker finds a 95%-occupied building with an extra half acre in Mesa that is particularly appealing due to the cash flow.
DANBURY, CT-Ethan Allen Interiors Inc. reports that it plans to close a total of three manufacturing facilities in Massachusetts, New York and Pennsylvania in the next 60 days.