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LONDON-Terrace Hill Group has unveiled plans for a pounds 18 million ($28 million) mixed use development on the former Queen Elizabeth Barracks site in Guildford, Surrey.
DENVER-Equity Office Properties Trust's 560,000-sf asset at 1200 17th St. keeps Townsend and Townsend and Crew LLP in the 30-story office portion of a development that also includes Shops at Tabor Center, a parking garage and a Westin Hotel.
CANTON, MA-Casual Male's new owner is establishing a new strategy for the men's retail chain that it bought out of bankruptcy six months ago. Needham, MA-based Designs, Inc. plans on opening 40 new stores across the country over the next 18 months.
LONDON-The Netherlands-based Ibus Company has paid Scottish Widows Investment Partnership pounds 23 million ($36 million) for a portfolio of 17 high street retail investments, spread throughout the UK.
MARTINSVILLE, VA-Start-up firm Activewear Inc. decides to establish its textile manufacturing plant in 300,000-sf of the 840,000-sf former VF Imagewear knitting facility. Activewear will spend $5 million on the project.
AUSTIN-The state's Sunset Commission says Texas' business development department needs a direct link to the governor's office to be effective. After putting the department on probation two years ago, the commission recommends another 12 years for the agency.
HOUSTON-The Boca Raton, FL-based REIT signs an agreement to buy the 1.2-million-sf office complex in the Uptown/Galleria submarket for about 50% of replacement value. Sellers are Dallas-based Cottonwood Partners and Osaka, Japan-based West Oak/Nissei Associates.
NEW YORK CITY-A Hell's Kitchen high-rise residential project closes on $136.5 million in construction financing in the form of tax-exempt and taxable HFA-issued bonds. Singer & Bassuk Organization arranged the funding.
TACOMA, WA-Of six developers, three survive to compete to build a $30- to $60-million, mixed-use development on sites 4 and 5 along the Thea Foss Waterway. Participants have until March to come up with a proposal and submit the plan to waterway officials.
DALLAS-Local shopping center owner Jim Ryffel and a group of investors have picked up the Alta Mesa Village Shopping Center, and in a separate transaction, acquire three acres of land.