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TUSTIN, CA-Charles Dunn Equities of Los Angeles secures the $7.08 million fixed-rate loan arranged by Johnson Capital for the $11.6 million acquisition of the 117,805-sf building, which has served as the corporate headquarters for Toshiba America Medical Systems for the past 15 years.
ORLANDO-Jud Ireland is developing a mini-high tech campus in suburban Maitland, FL with the $3.71 million purchase of the 22,000-sf St. Johns River Water Management District regional headquarters building.
LONDON-The German food retailer Metro is on the verge of one of Europe's biggest-ever sale & leasebacks with US investors Merrill Lynch and Morgan Stanley vying for the euro 4 billion ($4 billion) deal.
DENVER-The City of Denver has struck a deal to buy to Rocky Mountain News building, where it plans to build a new justice center that would include a jail to relieve serious overcrowding in the current facility.
BOSTON-In a ruling that will close the door on a case over where money from developers should go, the Supreme Judicial Court upheld a decision that an agreement between the city and developers of the South Boston waterfront to give linkage funds to South Boston is unenforceable.
MIAMI-Opus South Corp. and an investment fund managed by UBS Realty Investors are planning to build up to 270,000 sf of office space on a 19.84-acre site in Weston, FL. The total project cost is estimated at as much as $54 million.
SAN ANTONIO-A Dallas buyer of medical-related properties buys the 136,000-sf Crown Atrium, sitting on 8 1/2 acres on the campus of the South Texas Medical Center. The plan is to pump $1 million into upgrades.
SOUTHFIELD, MI-Two multifamily buildings are for sale by Marcus & Millichap for more than $18 million; not luxurious, but simple and inviting, say the brokers.
ORLANDO-The national Parts Depot chain anchors the 28-year-old, 223,000-sf, 88%-leased distribution center which Northwestern Mutual of Milwaukee sold for $6 million.
CITY OF INDUSTRY, CA-The Los Angeles-based investor and developer has acquired acreage on which it will convert an existing 147,000-sf industrial building to multi-tenant use and add new 92,000-sf industrial building.