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QUINCY, MA-Daniel Quirk is the surprise winner of the government auction for the 130-acre Fore River Shipyard with a $9-million bid. The locally based auto dealer plans to relocate his auto auction company to the site and is unsure what he will do with the remaining property.
NEW YORK CITY-Two former office buildings, located here at 50 Murray St., now feature 390 luxury apartments. Developed by the World-Wide Group, the $60-million conversion took two years to complete.
WEST PALM BEACH, FL-Fairfield Residential Inc. just purchased 29.5 acres of here to build the luxury community. Gould Electronics Inc. and Palm Beach Commerce Center Associates sold the land, in Vista Center Corporate Park, for approximately $9.5 million.
ORLANDO-New York-based Lake McLeod LLC sells prime 14.2-acre tract to East Towne Center LLC/Regency Centers of Jacksonville, FL for $1.82 million or $2.94 per sf. The site is 25 miles west of Downtown Orlando.
ARLINGTON, TX-Lakeland Paper of Sturgis, MI adds 38,251 sf at a neighboring address to 89,544 sf that it leased last September in Arlington's section. Sizewise Rentals moves into 5,002 sf across the city line. Both are midterm leases.
BOSTON-The Massachusetts Port Authority finally goes to court over its effort to lift the 29-year-old injunction on building a new runway at Logan International Airport. The agency faces the city of Boston, which is attempting to keep the injunction in place.
BOLINGBROOK, IL-Without a single tenant or buyer, Corum Real Estate Group has broken ground on a 702,000-sf industrial building, within its new 86-acre Crossroads Lake Business Park, hoping to land a single user by completion in June.
NEW YORK CITY-The surplus and refurbished office equipment supplier consolidates and expands its New Jersey and Long island operations into one new space at the Reckson Business Center at Airport International Plaza. Local firm Ashlind Properties brokers.
ROCKLIN, CA-Ace Hardware is poised to buy a Rocklin warehouse, formerly occupied by AT&T. The plan could bring a 400,000-sf expansion for the building to fulfill increased demand from its 330-store, two-state service area.