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LONDON-Birmingham City Council has agreed to invoke compulsory purchase powers to speed up its planned 1.7 million-sf regeneration scheme around Masshouse Circus to the east of the city centre.
DENVER-The financing for Portland, ME-based American Housing Properties was part of a $100-million deal involving a 1,407-unit multifamily rental portfolio in 20 properties in Colorado and Wyoming. Shaquille O'Neal is a partner.
SAN DIEGO, CA-The unemployment rate in San Diego County drops from 4.4% in July to 4.1% in August, according to the latest report from the state employment department. The state's overall unemployment rate is 6.2%.
SEATTLE-King County Property Services leases 47,000 sf from publicly traded Regus business centers, which master leases four floors in the building, and continues negotiating for another 20,000 sf that will be leased directly from the building owner, Equity Office Properties.
CHICAGO-The renewal and expansion leads a flurry of smaller office deals at the Britannica Centre at 310 S. Michigan Ave. as well as other submarkets in the Central Business District.
CAMARILLO, CA-Marcus/Adams Industrial Investments pays more than $2.1 million for the building, which stands on an 81,892-sf parcel at 166 Aviador St. in Camarillo. The new owner is renovating the facility, which contains both warehouse and manufacturing space.
ATLANTA-The Beverly Hills company has purchased the 159,163-sf Medlock Crossing for $27.48 million. The collection of 41 small storefronts is 99.96% leased and anchored by a 16-screen Regal theater.
BOYLSTON, MA-A bid to develop a residential complex on a 15-acre parcel on Stiles Road is in trouble, as the town files a lawsuit contending that it was not properly notified about the land sale. The town has rights of first refusal on the property.
MIAMI-Richard, Harry and Mark Levy, principals in newly formed Levy Acquisition Co., will be senior officers at Oriole. Another Levy company, Levy Group, owns 60.1% of Oriole class A common stock and 24.5% of class B common.