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LOS ANGELES-The Irvine-based investment group buys the 170-unit Park Wilshire apartment complex along Wilshire Boulevard in an area popular with renters of eclectic and trendy places. GTS Property of Las Vegas is the seller.
MASHPEE, MA- Roche Bros. Supermarket will open its 16th store in the Greater Boston area with its lease of 42,000 sf in South Cape Village, a 160,000-sf retail center that will be constructed on Route 28.
ACTON, MA-Acton Research, which develops coatings and optics for semiconductor laser systems and laser vision-correction instruments, leases 28,500 sf at 15 Discovery Way. The company is relocating for expansion purposes.
CHICAGO-Along with capital from its balance sheet, locally-based Cohen Financial plans to invest more than $300 million this year. The new fund is aimed at value-added redevelopment or repositioning projects.
OAK BROOK, IL-"There's a lot of activity in the land acquisition business," says CenterPoint Properties Trust chief investment officer Paul T. Ahern. "Developers and builders are positioning themselves for recovery.
DENVER-The new building to be built in the historic Larimer Square will have some similarities with existing buildings, but it will not pose as a replica.
CLEVELAND, TX-Louisiana-Pacific is holding letters of intent from two buyers for 55,000-acre tracts near Cleveland, 45 miles northeast of Houston, and Honey Island, 86 miles northeast of the city. The timberland sales will close by the end of June.
ANAHEIM, CA-TCI Properties of the city of Orange acquires the 25,184-sf office building at 1475 S. State College Blvd. from a Laguna Niguel, CA-based private individual in a 1031 Exchange.
BELL GARDENS, CA-A Dallas-based seller parts with the 159,831-sf Bell Gardens Marketplace after a year. The Los Angeles buyer gets a 100%-leased neighborhood center at 6801 Eastern Ave. Changes loom for the look and tenant mix.
ROANOKE COUNTY, VA-Warroad, MN-based Marvin Windows and Doors will develop a 400,000-sf manufacturing facility on a 42-acre parcel in the Valley Gateway Business Park. The project, which is being developed in two phases, will cost $32 million and will ultimately create 350 new jobs.