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MIDDLETOWN, NJ-The three-building Monmouth County complex, which was purpose-built for Bellcore, is being marketed by the Sitar Co.-ONCOR International.
DALLAS-The well-liked J. Reagan Dixon says he's the next cost-cutting move at Cawley Wilcox. He effectively has laid himself off after convincing his colleagues that it's the responsible thing to do. Today is his last day on the job.
AUSTIN-Professional Services Industries will get closer to its job of testing the soil along the path of Texas 130, a soon-to-start highway project on Austin's east side. The firm will occupy 3,680 sf in the Enterprise Business Center.
PHOENIX-The 104-unit Maryland Villas complex at 6333 N. 12th St. sells to a first-time Phoenix buyer from Hollywood, CA. A Marcus & Millichap broker meets the buyer at an investment seminar and later introduces him to the deal.
CAMBRIDGE, MA-Clark, Hunt & Embry, a general practice law firm that is looking to expand, signs an 11,180-sf lease at 55 Cambridge Pkwy. The 276,000-sf building, located on the Charles River, will be nearly leased up once a number of pending contracts are finalized.
ATLANTA-David A. Roberts, president/CEO of the $3.5 billion Collateral Mortgage Capital LLC is one of 30 mortgage banking professionals awarded the highest designation offered by the Mortgage Bankers Association of America.
CHICAGO-The third-tallest building in the US is being sold by Blackstone Real Estate Advisors just as its neighbors, One and Two Prudential Plaza, are reportedly being shopped by Shorenstein Co., LP. That is nearly 6 million sf of East Loop office space.
WEST LOS ANGELES, CA-The new entity, Somera Investment Partners, taps a Madison Marquette exec to specialize in acquiring and repositioning retail properties. Somera's leasing, property management and redevelopment needs will be met by Madison Marquette.
NORTHBOROUGH, MA-41 Lyman St. secures $3.3 million in financing. The single-tenant office building is leased by APX Central Inc., a subsidiary of Western Parcel Express Inc. It was the quality of the tenant that encouraged a local bank to go through with the deal.
PLEASANTON, CA-The Vintage Hills Center, a failing shopping center in Pleasanton, may be razed in favor of 150-unit multifamily development if a local developer's proposal is approved.