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CRANFORD, NJ-Kendle International Inc., which will shutter facilities in Princeton and Fort Lee in favor of this Union County location, expects to save $1.2 million a year as a result.
GLENDALE, CA-Former Spieker REIT executive Joseph D. Russell Jr. has joined the company as president, reporting to Ron Havner, chairman and chief executive officer of the Glendale-based office and industrial REIT.
HOUSTON-The inbound tenants are Walgreens, Dollar General and Washington Mutual. Walgreens picks a pad site at Spring-Cypress and Kuykendahl while the bank reserves a spot in the under-construction Jones Town Center.
NEW YORK CITY-Cantor Fitzgerald confirms reports that it is eyeing a vacant Union Square property as its new headquarters. The bond broker is in talks with Vornado Realty Trust about a $100-million renovation of the former Bradlees department store building.
LAFAYETTE, CA-The city council has asked developer Steve Cortese to sit down with the city to negotiate a public-private partnership that would result in a mixed-use project on his Downtown 1.2-acre parcel, which currently holds a gas station.
LAGUNA BEACH, CA-Senior Care Industries Inc. says it will join other OTC companies in a lawsuit against naked short sellers driving down the company's stock price.
MALDEN, MA-Armatron leases 56,000 sf at 1 Highland Ave. in the Townline Plaza, a 135,000-sf former shopping center. The broker involved tells GlobeSt.com that the deal demonstrates the continued strength of the industrial market, especially in towns close to the city.
SAN FRANCISCO-Attending her first meeting this week, Former San Francisco Deputy City Attorney Michelle Sexton steps into her new role as president of the San Francisco Redevelopment Agency.
SAN DIEGO, CA-The Hambalko Family Trust sells three industrial properties and acquires a fourth in four separate 1031 tax deferred exchanges. The properties, which are located in the South County area of San Diego, encompass a total of 49,883 sf.
TEMPE, AZ-A California investment company will be courting medical users for its 17,500-sf acquisition at 404 W. Broadway Rd. The location near Tempe St. Luke's Hospital should translate into 100% occupancy, says the broker.