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PHOENIX-Nissan's new dealership look will roll out in a retrofit of an old dealership along Camelback Road and a new one in Peoria. ABC Nissan will unveil a 33,000-sf version of the 2002 design while Peoria is in line for a 48,132-sf model.
FLORHAM PARK, NJ-The latest signings, topped of by a 104,000-sf transaction, show "the continued strength of the industrial marketplace in New Jersey," according to one company exec.
LOS ANGELES-The Washington, D.C.-based buyer acquires the 615,112-sf twin 16-story office towers from a venture of Goldman Sachs and Insignia/ESG's Co-Investment Group.
WASHINGTON, DC-Marriott Residence Inn Capitol will become the first project of the newly-formed Four Fires LLC, a partnership of American Indian organizations planning to broaden the base of American Indians' income sources beyond gaming investment.
STAMFORD, CT-The Fairfield County office market in the third quarter was once again hammered by sublease space put back on the market. The county's office availability rate rose almost two percentage points to 18.25 percent, according to Insignia/ESG.
VIRGINIA BEACH, VA-In an $8.1 million transaction, two Hamptons Roads-area shopping centers are sold to Blackwood Capital LLC. Built in the late 1980s, the properties are assessed at $9 million.
CHANDLER, AZ-Chamness Relocation Services, tempted by the city's continued high growth, inks a five-year lease for a CBD address for its 70 to 100 employees. Move-in will take place before the month ends.
IRVINE, CA-The commercial real estate developer will merge its Southern California operations into a new office at 1901 Main St. in Irvine and will close its San Diego County office.
BOXBOROUGH, MA-Broadbus Technologies, Inc., which develops video-on-demand server systems for the cable television industry, raises over $12 million in financing with the help of two area investment firms and relocates its headquarters from Chicago to 80 Central St.
NEW YORK CITY-Having accepted 15,000 applications since August for the federally-sponsored Residential Grant Program, the Lower Manhattan Development Corp. has approved the first round of grants and will begin distributing those funds this month. This first approval for 313 applicants will total $625,000.