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NEW YORK CITY-The locally based sale/leaseback specialist sells bonds backed by more than 60 properties crossing all real estate sectors and located across the US. W.P. Cary officials call the transaction "a watershed moment.
TEMECULA, CA-Keeton Construction begins building the office facility for the Temecula Valley Chamber of Commerce. Shell and tenant improvement construction on the $732,000 project is scheduled for completion in December.
LANCASTER, CA-Lexington Corporate Properties Trust completes a previously announced $15.1 million, 331,000-sf expansion of a heretofore 431,250-sf Lancaster distribution facility leased to retailer Michael's Stores. Michael's has leased the new space as well.
CHICAGO-The subsidiary of the Cincinnati-based Kroger grocery chain plans a 62,000-sf store in a proposed $11-million retail center on Ashland Avenue between 69th and 71st streets. A 7.7-acre site is expected to be acquired from the Chicago Transit Authority for $2.3 million.
FREDERICK, MD-In a deal valued at $4.6 million, EOS LLC has acquired the 44,000-sf building at 7320 Executive Way in the 68-acre Omega Center Park. About 26,000 sf of the three-year-old structure will become home to tenant Earth Data Holdings, a subsidiary of EOS.
MIAMI-WestCity Properties hopes to get city approval this month to build Palmetto Park, consisting of 200 apartment units, 110,000 sf of office space and 7,500 sf of retail space on 9.44 acres.
COSTA MESA, CA-The company will spend $14 million renovating its 486-room property, one of the largest hotels in Orange County. Hilton owns the property in a joint venture with CNL Hospitality Corp.
SAN ANTONIO-The specialized facility unlocks the doors as work continues on an abutting 45,000-sf medical offices building. The project is the handiwork of National Surgical Hospitals of Chicago and 20 local physicians.