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FULLERTON, CA-The 10-31 exchange buyer acquires a 24,000-sf property occupied by the parent of the Souplantation restaurant chain. About 8,000 sf of the building was empty at the time of the sale.
SAN DIEGO, CA-Developer OliverMcMillan obtains construction financing from Fremont Investment & Loan for a retail, entertainment and mixed-use district that will be the centerpiece of The Glen, a residential and commercial redevelopment on the 1,100-acre grounds of the former Naval Air Station in Glenview.
DENVER-With concessions hitting the class B and class C portions of the multifamily rental market, a slowdown in building is seen as a positive for a market that saw overbuilding in 2000 and 2001.
EAST DUNDEE, IL-The company created by former McShane Corp. president Michael Luecht becomes ML Realty Partners with the subsidiary of Des Moines, IA-based Principal Financial Group becoming a partner.
PHILADELPHIA-Cleveland, OH-based Developers Diversified enriches its shoppingcenter portfolio by 81 existing properties, 21 under development and a pipeline of 17 more with the acquisition of Atlanta-based JDN Realty.
PORTLAND-After more than a year of negotiations, the Port of Portland's board of commissioners is set to vote on a lease and development agreement with Toyota Motor Sales USA that would consolidate and upgrade the company's local operations on 82 acres at Terminal 4.
BOSTON-The beleaguered Fan Pier project faces yet another challenge after getting nearly all approvals from the city and the state: residents have filed an appeal on the $1.2 billion project's chapter 91 license.
BALTIMORE, MD-In one fell swoop a 225,000-sf of industrial space comes on the market as Middle River Aircraft Systems downsizes its occupancy in a 1.75 million-sf complex in Chesapeake Park Plaza. The aircraft company will continue to occupy the remaining majority of the property.
LOS ANGELES, CA-Richard Davis, formerly of Trammell Crow Co. and Cushman & Wakefield, steps into a newly created position of executive vice president to spearhead retention and recruiting of brokers.