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NEW YORK CITY-The German-based bank, displaced in the World Trade Center attacks, will move 5,500 employees from Midtown to a 1.6-million sf Downtown building it bought a year ago.
CORAL SPRINGS, FL-Carolina Holdings, KB Financial Partners Inc. and Edward Phillips all inked new deals worth an estimated $941,240 total at the 130,000-sf, 95% occupied plaza here.
LAFAYETTE, CA-In an effort to expand and improve its business strategy, 1031 Exchange Options has appointed its first CEO, David Waal, who will oversee the company's corporate planning and strategy.
CHULA VISTA, CA-Deutsche Banc Mortgage Capital is providing the capital, which will be used to finance the acquisition of South Bay Distribution Center. Encompassing 118,000 sf, the property stands at 684-698 Anita St. in Chula Vista.
CHANTILLY, VA-Plans for a $3-million FedEx shipping and receiving distribution center in Stonecraft Business Park move forward as Tucon Construction Corp. comes on board as general contractor for the project. The 54,000-sf facility will occupy a 7.5-acre parcel in the Stonecroft Business Park
DALLAS-Insignia/ESG in Dallas gets the 141,735-sf Crosby/35 Business Park in Carrollton while the Holt Cos. lands the 146,500-sf Valley View Tech Center in Farmers Branch. Wilcox Realty made the short list, but lost assignments held for two years.
PHILADELPHIA-State agencies dole out funds from the federal Temporary Assistance for Needy Families program to cover pre-development of cooperative housing and help nonprofit, for-profit and small-scale owners repair and preserve multifamily rental units for families earning less than 80% of median income.
PHOENIX-A Tempe investor takes title to Orangewood Place at 7328 N. 27th Ave. The asset is a 96%-occupied, four-building property that was on the market just 30 days. Rents range from $510 to $610 per month.
CHANDLER, AZ-Lippow Development Co. buys the 11,363-sf building at 6140 W. Chandler Blvd. in the Chandler Business Center. The center's location and national tenant roster sews up the purchase from CFH Millenium Inc.
TROY, MI-Masco Corp. is spending more than $3.6 million to clean up chemicals on a site its owned for nearly 30 years and hopes for state approval to redevelop a former industrial plant along Livernois Road.