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VIRGINIA BEACH, VA-The State welcomes Israeli secure identification card manufacturer SafeCard ID Inc., which is opening its headquarters in a 20,000-sf space in Oceana Commerce Park. Virginia beat out Colorado, Maryland, New York, the UK and Israel for the $10-million project.
FRAMINGHAM, MA-Rosewood Management Associates gets the green light to develop a mixed-use project in the Dennison Building complex, a five-building, 350,000-sf complex. Town Meeting approved the site's zoning change from manufacturing to mixed use.
CANNES-The sad hulk of the Battersea Power Station in Central London is to get a complete revamp under new plans launched at MAPIC by developer Parkview International London. It is to become a 4.2 million-sf mixed-use destination, accessible by bridge from Victoria Station
ATLANTA-Michael Kuras, an associate broker for Re/Max Commercial Atlanta, is the 13th professional recruited by the growing Irvine, CA-based firm: a new player on Atlanta's commercial real estate turf.
GOODYEAR, AZ-Five tenants have pre-leased half of a class A office project at 1646 N. Litchfield Rd. that is now under way. At least two other leases are in the works, according to those involved in the project.
LONDON-Quoted property company Minerva is planning a pounds 124.5 million ($196.5 million) takeover of department store operator Allders. The retailer is the main anchor tenant for Minerva's planned 1 million-sf Park Place scheme in Croydon, South London.
DETROIT-Gentex, a maker of automatic-dimming mirror systems, will spend $97 million over five years to build and equip a 225,000-sf manufacturing facility after the state steps up with more than $11 million in incentives.
IRVINE, CA-The one time sub-prime lender details an agreement with the Federal Trade Commission and plaintiffs. The settlement provides payments to shareholders and cancels all First Alliance stock.
BIRMINGHAM, MI-One 100,000-sf store here sells, while another deal is close in the disposition of the retailer's former digs forced by bankruptcy. A store in Jacksonville, FL and corporate headquarters in Jackson, MI also are available.
LONDON-Grosvenor Estates has boosted its development programme to well over pounds 1.3 billion ($2 billion) with the launch of a 230,000-sf office project on the outskirts of Edinburgh.