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ATLANTA-Eagle Land Group plans a 505-acre venture, while Brayson Homes prepares to open three new townhome communities and Steve Nygren asks the Atlanta Regional Commission to review his 225-acre undertaking.
DETROIT-The $37-million Woodward Millenium mixed-use retail and loft condominium development here is one of the projects getting a boost from the Community Assistance Team, which provides funds and other resources for redevelopment projects.
BOSTON-The Retail Stores at the Prince nails down $12 million in permanent mortgage financing, a loan that works out to $480 per sf for the 25,000-sf shopping center located at 201 Newbury St., a premier retail location.
NEW YORK CITY-In an attempt to better align its corporate structure and separate the roles of CEO and chairman, Lexington Corporate Properties Trust has promoted 15-year veteran of the company, T. Wilson Eglin, as its new chief executive.
HEMET, CA-Market Street Land & Cattle Co. scoops up the 48,000-sf property, which is located at 2255-2275 E. Florida Ave. in Hemet. The property is occupied by Jo-Ann Fabrics and Crafts, Save-A-Lot grocery store and Bert's Outlet Center.
PHILADELPHIA-With the purchase of two class-A office buildings in Blue Bell, PA for $34 million, the Cranford, NJ-based REIT makes good on its promise to increase its presence in the suburban Philadelphia market. This follows a King of Prussia acquisition.
NEW YORK CITY-Today's the day for the formal spin-off of the residential-development unit of locally based Brookfield Properties. Brookfield Homes, trading separately on the NYSE, positions the parent as a pure-play office entity.
ORLANDO-Locally based Unicorp National Developments Inc. plans 450,000 sf of retail, office, restaurants and apartments within the 52-acre, 1,200-residential unit Village Center expected to break ground this month at the former Orlando Naval Training Center site.
SEATTLE-A significant part of the expansion involves the appointment of three employees, Daniel Raffe, Eric Anderson and Craig Torrence, to positions as vice presidents. In addition, GE is increasing its sale-leaseback funding, in a vote of confidence for this two-year-old program.
SACRAMENTO-The California Department of Food and Agriculture is opting for an expensive relocation plan during its 18-month renovation, which will completely transform the department's 76-year-old building. The double move is estimated to cost an extra $900,000, which opponents say is unnecessary.