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DALLAS-The Alon Group, using Israeli and US capital, buys 4,102 units in Texas. The owner, which spent $150 million two years ago for the Total Fina service station chain, wants to build a multifamily portfolio of 20,000 units plus add to its oil-related assets.
EASTON, MA-Roche Bros. is constructing a 46,000-sf supermarket on Route 138. The location will be the Roslindale-based chain's 15th in the state. A company representative tells GlobeSt.com that the increased competition in the area has prompted the company to become more aggressive in its growth strategy.
ORLANDO-Companies filing for protection under the U.S. Bankruptcy Code are vacating large chunks of space in south Orange County's 6.8 million-sf market where 65 properties are located south of the East-West Expressway. The bad news follows the third-quarter office market vacancy level of 19.7%.
MIAMI-Donna Winton, whose husband is a local real estate developer, has worked in the market for more than 10 years. Ida K. Schwartz comes to the Miami Beach firm with a financial background. The company focuses on luxury condominium properties.
MANALAPAN, NJ-The class A office building, being developed by a partnership that includes NY Giants running back Ron Dayne, is being marketed by Cushman & Wakefield.
RIVERSIDE, CA-A Long Beach investment firm acquires the new Cranford Court complex from an Orange County developer for more than $93,000 per unit. The building was 80% occupied at the time of the sale.
SEATTLE-The locally-based developer of immunotherapeutic products signs a 15-year lease for space at the Ninth & Steward Lifesciences Building, according to a Securities and Exchange Commission filing. The company intends to relocate its current headquarters at 1124 Columbia St.
DETROIT-Though property pollution is rampant in Michigan, reuse of former contaminated property is rising to more than $4 billion of investment per year, says the Michigan Department of Environmental Quality.
PALISADES PARK, NJ-Lancaster Developers will use the latest funding, arranged by Holliday Fenoglio Fowler, to finance the development of Meadowview Estates, a 33-unit multifamily residential building.
STAMFORD, CT-C. Scott Brown, a 26-year veteran in commercial real estate and most recently an executive with GVA Williams in Manhattan, has joined Insignia/ESG as a managing director in the Corporate Services Group of the firm's Westchester-Connecticut offices here.