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LOS ANGELES, CA-Oakwood Worldwide, a Los Angeles-based provider of corporate housing, expands its presence in Japan with the opening of an extended-stay apartment in Tokyo.
TROY, MI-The slow economy has hurt furniture retailer Scott Shuptrine, and its owners have decided to liquidate stock and shut down. No bankruptcy is planned, however.
WASHINGTON, DC-Giant Food Inc. will debut its newest store in the city next week during a public ribbon-cutting ceremony at the 53,200-sf market and pharmacy in the Brentwood community. The Rhode Island Avenue store marks Giant's fifth location in the District.
MARLBOROUGH, MA-$20 million in financing is secured for Hall-Gillespie LLC's purchase of the 500,000-sf former Lucent campus at 55 Fairbanks Blvd. CapitalSource Finance LLC, a Chevy Chase, MD-based commercial finance company, provided $20 million in financing.
ROCHELLE PARK, NJ-GHP Office Realty's 95,000-sf building, which houses Sanyo North America's corporate HQ, has added Bechtel Corp. and others to its tenant roster.
DENVER - The current mayor wants to put a new jail on the site of the Rocky Moutain News building, but the next administration will have the final say.
SAN DIEGO, CA- The Hazard Family buys the retail property, which encompasses 44,594 sf. It is the latest in a string of San Diego shopping centers to trade hands in recent weeks, as the county's retail market continues to hold its own.
ORLANDO-After a six-year search for a site to build a government annex complex in fast-developing south Lake County, elected officials have voted 5-0 to buy a 20-acre tract just north of the new 150-acre South Lake Hospital in Clermont, FL. The county has budgeted $2 million or $100,000 per acre ($2.30 per sf) for the dirt.
NEW YORK CITY-Supported by loans made by Bank of America and CIGNA Corp. on 15 commercial properties scattered throughout the US, BoA yesterday offered $533 million in CMBS. All but one of the properties has terrorism insurance coverage, a BoA spokesman tells GlobeSt.com.
ROSEVILLE, CA-Due to growth of Kaiser members in the Sacramento area, the hospital has decided to build a brand-new $150 million birthing center near its hospital in Roseville.