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OAK PARK, IL-Two months after Whiteco Residential LLC offers to build a 220-unit multifamily rental building with 65,000-sf of retail space, Bristol/Moran LLC, Holley Court Commercial Partners and Hamilton Partners answer requests for proposals.
LA PORTE, TX-The buyer gets a 41,851-sf warehouse, leased to a single tenant for the long term, and three acres in a coastal city. The seller was seeking $950,000 for the property when it came to market.
MIAMI-The automotive accessories manufacturer has leased 41,480 of warehouse, office and distribution space in Port 95 Commerce Center, next to its 40,000-sf headquarters. The new, 52-month lease is valued at $1 million.
MIAMI-The development, at an estimated hard construction cost of $20 million, will consist of 104 three-floor luxury townhouses on 12 acres. The project will replace the Kingsbridge Square retail center and the Carson's Steak and Ribs restaurant site, scheduled to be demolished early next year.
EWING TWP., NJ-Putting some teeth into the Garden State's growth management plan was the lead topic at yesterday's Smart Growth Summit as the Governor laid out some new and revised proposals.
LONDON-Central London developers are putting speculative schemes on ice as a reaction to the depressed leasing market, according to new research from DTZ. More than 1.5 million sf of central London projects have been postponed over the past six months.
NEWBURGH, NY-New York State and Orange County officials announced that two firms will spend a total of approximately $38 million to expand their respective operations in Orange County, creating 530 new jobs in the region.
VANCOUVER, WA-The 36,000-sf shopping center on Mill Plain Boulevard is adjacent a 57-acre mixed-use project being developed by Opus Northwest. Markley is a Portland-based owner of retail and industrial properties in the Pacific Northwest.
BEVERLY HILLS, CA-The hotel chain attributes the results in part to growth in revenue per available room and a $15.6 million reduction in the provision for income taxes.
SAN DIEGO-Allen Properties snaps up the 142-unit complex, known as Rose Garden Apartments. Located at 2945 S. Sultana Ave., the property was built in 1987. It was 96% occupied at the time of sale.