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BOSTON-New Boston Fund Inc. is developing a real estate fund to target properties from Boston and Washington DC to Chicago. The $350-million fund is the firm's sixth since it was established in 1993.
PHILADELPHIA-With completion of the 647,000-sf, $108-million PNC Firstside Center and $331-million David L. Lawrence Convention Center, Pittsburgh's top rank in green building development assumes global proportions. According to Pittsburgh-based Green Building Alliance, they are the world's two largest green buildings.
DALLAS-Family Dollar Stores' Southwest US builder spends in the mid-$400,000 range for about 2.5 acres in the upscale Highland Village neighborhood. The plan is to build a 21,000-sf strip center anchored by the discount retailer.
BINGHAM FARMS, MI-The shopping center REIT is following the liquidation plan it adoped in August, and is no longer reporting funds from operation and cash on hand because of lack of relevance to investors.
BEVERLY HILLS, CA-The real estate investment and service company reports net income for the third quarter ended Sept. 30 increased 30% to $835,000 or $0.08 per diluted share, compared to $640,000 or $0.07 per share for the third quarter of 2001.
PHOENIX-Ryder Logistics and the Manning Group, a furniture distributor, reserve about 28,000 sf in the Martin Van Buren Business Park. Each long-term lease is valued at $258,968. They are filling vacant Sleep America space.
NOVI, MI- Amson Dembs Development Inc. plans to build more than half a dozen build-to-suit and speculative buildings for about $70 million, says a broker marketing the 100-acre site along the I-96 corridor.
BOSTON-Beating out two other companies, Highland Marine Limited Partnership is chosen by the Boston Redevelopment Authority to redevelop a 150,000-sf facility located in the Boston Marine Industrial Park on South Boston's waterfront.
NEW YORK CITY-Cushman & Wakefield chairman John C. Cushman III and AIG SunAmerica Inc. chairman Eli Broad used a Manhattan event yesterday to boost investments on Downtown LA, dubbing it the best market in the US.
PHILADELPHIA-The city's division of aviation pays $23.58 per sf for the Chicago-based consumer product conglomerate's former meat processing plant. It is on eight acres on Executive Ave., adjacent to Philadelphia International Airport.