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NEW YORK CITY-The $250 million in Q3 profits reflects a $175-million writedown on mortgage assets. Going into the new year, the company plans a major stock repurchase and some small-scale buys.
LONDON-Shepherd Developments and Bell Hammer have acquired the final two-acre headquarters development site at Shire Park, Welwyn Garden City, from Antler Property Investments, and they plan a new 40,000-sf office development.
AUSTIN-Aon Services steps into 9,236 sf at Computer Sciences Corp.'s Arboretum Boulevard building while the Daughters of Charity Health Services of Austin leases 12,743 sf at a Chevy Chase Drive office building.
CHICAGO-More than half the cost of building 48 multifamily rental units in Humboldt Park will come from tax increment financing, low-income housing tax credits and city HOME funds.
NEW YORK CITY-The 77-unit co-op building is the first multifamily project in Harlem's Bradhurst Urban Renewal Area. The development is a joint venture between the Richman Group and Gotham Organization Inc.
ORLANDO-Florida Investment Properties LLC, a subsidiary of Englewood, NJ-based Sarna Enterprises, paid foreign-controlled Veard-Winter Park Ltd. $6.75 million or $36,685 per unit ($38.06 per sf) for the 34-year-old, 184-unit, 94%-leased La Aloma Apartments, 3040 Aloma Ave.
SAN DIEGO, CA-Harsch Investment Properties snaps up yet another San Diego industrial property with the acquisition of Loma Business Center, a 247,000-sf project located in the city's Miramar area. The purchase marks Harsch's third San Diego industrial buy in the past month.
THE WOODLANDS, TX-The Hou family brings its popular Shogun Japanese Grill & Sushi Bar to its homeport in the Woodlands. The eatery has leased 3,500 sf at Windvale Village Center along College Park Drive.
NATICK, MA-Chicago-based General Growth Properties wants to expand the Natick Mall to include a 300,000-sf former Wonder Bread factory. Town officials, anticipating the additional tax revenues, have agreed to consider rezoning the factory to allow the expansion.