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CHICAGO-Draper & Kramer's commercial mortgage unit arranges construction take-out financing for the 222,000-sf mixed-use Renaissance Place development in Highland Park while Cohen Financial puts together deals for Thatcher Woods Shopping Center in River Grove and a smaller property in Round Lake Beach.
LONDON-Development Securities has signed an agreement with South Cambridgeshire District Council to build a new 64,000-sf council headquarters at its 750,000-sf Cambourne Business Park near Cambridge.
LAWRENCE TWP, NJ-Ohio-based Brisben Companies is the lead partner in the venture building the 117-unit complex, which is getting a big financial boost from the state.
DETROIT-Vacancies are up while absorption and rental rates are down. Among the positive signs, however, has been a climb in interest, Colliers International says in their third-quarter office and industrial market report.
CARLSTADT, NJ-The New York-based sportswear manufacturer will occupy a new build-to-suit facility on five acres that it recently purchased from Whitehall Industrial Properties.
HILLSBORO, TX-The 96%-occupied Rosemont at Hillsboro stands as collateral for the Freddie Mac loan backed by $5 million in equity for tax credits. The 18-year financing, with 6.30% interest, has an LTV of 90%.
IRVING, TX-SigmaRx, a respiratory health-care company, moves into 4343 Royal Lane, filling space that's been vacant for a year due to a relocation by SimplexGrinnell. The contract covers the balance of the space and the term.
PLEASANTON, CA-Brookfield Homes is relocating its regional office from Pleasanton to Danville, where it has signed an 87-month lease for office space in the Danville Financial Center.
ATLANTA-After numerous delays, the Oak Brook, IL-based REIT sells its last remaining real estate asset, the 322,000-sf power center, to Northwest Festival, LLC, for $63.35 per sf. The center is 97% leased. The sale clears Banyan's path to liquidation.
DENVER-Logistics provider ChronoExpres leases an entire 267,956-sf facility while two other companies move into other facilities in ProLogis Park Sant Boi. Access to transportation is cited as a factor in the leasing decisions.