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ONTARIO, CA-Westbrook Real Estate Partners obtains the financing from Corus Bank of Chicago for the purchase of the 299-room Marriott Ontario Airport Hotel. It's the second deal in a month between lender and borrower for a SoCal property.
VERNON, NJ-The deal will keep 1,850 acres undeveloped while giving developer Intrawest the right to continue with its plan to build a resort at the base of Hamburg Mountain.
ORLANDO-The locally based media and technology entrepreneur is introducing ForTheTenant.com, a Florida-licensed online brokerage whose partners have represented $400 million in tenant lease transactions over the last 16 years.
PHILADELPHIA-The West Conshohocken, PA-based industrial REIT would contribute a six-building, 2.6-million-sf Indiana portfolio to a joint venture with a "major institution" in an attempt to grow its presence in the Indianapolis market.
MEXICO CITY-The properties include a 336,000-sf office building here and two industrial parks totaling 1.7 million sf. Proceeds will be used to finance retail and residential development in the country.
FRAMINGHAM, MA-$5.6 million in permanent mortgage financing is secured for a 115,600-sf facility on an 11-acre site at the corner of Whittier and Newbury Streets just off Route 30. The facility is owned by an undisclosed pension fund and is occupied by BJ's Wholesale Club.
WILMINGTON, MA-The latest in a series of new tenants in this industrial building, Pioneer Sales Co. leases 25,000 sf of warehouse and distribution space at 80 Industrial Way. The deal is indicative of the relative health of the industrial market in the suburbs.
BELLEVUE, WA-Cigna Investments, which held the previous loan, funds the refinance for the 1.3-million-sf mall considered one of the premier super regional centers in the Northwest.
BALTIMORE, MD-Belair Edison Crossing retail center is in store for a massive revitalization that will cost as much as $10 million. B. Green & Co. Inc. and Black Oak Associates join forces to renovate the 16-acre property and add 35,000 sf.