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ANNAPOLIS JUNCTION, MD-Developer Corporate Office Properties Trust breaks ground on a 120,000-sf, $18.9 million structure in the 176-acre National Business Park. The office building--the first to get underway in Anne Arundel County this year--will be COPT's 11th property in the business park.
ORLANDO-The Oak Brook, IL-based REIT wouldn't disclose the purchase price to GlobeSt.com in the July 8 acquisition but Orange County real estate records now show Building 200 valued at $27.18 million; Building 210 at $11.22 million; and Building 220 at $31.66 million.
SAN DIEGO, CA-The Beardsley Family Trust replaces its variable-rate financing on the Caliber Collision Building in Downtown San Diego with a 7%, 15-year fixed-rate loan. Caliber, the Irvine-based collision repair company, has been operating a shop in the facility for the past 10 years.
ORLANDO-Groundbreaking on the 11,000-acre project--slated for this month--won't disturb the developer's vision of how animals can improve the quality of life for humans.
MANSFIELD, TX-The 50-acre Mansfield Towne Crossing has the money and soon will have enough signed leases to start work on the 118,740-sf project. Weber & Co. and Today Realty Advisors are the developers of the suburban center.
PORTLAND-Russell, owner of Russell Development Co., replaces Marty Brantley who served as Chair since 1998. Russell also is a member of the Oregon Transportation Commission, the Mayor's Business Roundtable and the Portland Business Alliance (formerly known as the Association for Portland Progress).
PHOENIX-Jo Dance, a 15-year professional, will be an integral part of Collier's plan to build a realty advisors valuation and advisory services group for the Southwest region. She was an independent consultant for several large firms.
BOSTON-Edens & Avant opens a local office to ramp up its efforts to expand in the region. Part of the strategy is moving to close on its acquisition of part of the Konover's shopping center portfolio in the northeast, which includes four shopping centers in Massachusetts.
CLARK, NJ-The automaker has opened the Hyatt Hills golf complex on 87 acres that formerly housed its Hyatt Ball Bearing operation. The complex will be operated by a joint commission established by this city and neighboring Cranford.
ORLANDO-The 25-year-old private, not-for-profit Economic Development Commission of Mid-Florida Inc., with a budget of $4.5 million, has handed pink slips to Kathy Ramsberger, vice president/television and digital media for the past 11 years; Pat Werner, corporate business development director for the past 16 years; and four other staffers.