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LA JOLLA, CA-Ramsey Real Estate Group, in conjunction with Prospect Square LLC, sells the 32,950-sf mixed-use project to a Los Angeles-based limited partnership. Located at 1025 Prospect St., the complex contains retail, restaurant and office space, as well as three levels of subterranean parking.
CYPRESS, CA-Foremost Business Parks acquires the Corporate Avenue property, which is 84% leased to Mitsubishi Electronics, Hyundai Electronics America, and several other tenants.
SILVERDALE, WA-The Outlook Apartments is the third property with more than 125 units to close in Kitsap County in the last five months. Two other large complexes are to be rumored under contract, making the area one of the most active in Puget Sound.
NEW YORK CITY-The city-state partnership dedicated to overseeing the redevelopment of Lower Manhattan adds five committees, each charged with gathering input on a different aspect of Downtown revitalization.
NEW YORK CITY-"Close by, another man rapped his useless cell phone repeatedly on the park bench and then clutched his head in his hands. That one gesture, more than any other, seemed to summarize the day.
PORTLAND-The city's urban renewal agency wants to increase maximum building height for a $72-million hotel and condo urban renewal project north of the Marquam Bridge. The city's planning commission is recommending denial. The City Council is expected to weigh in on the issue next month.
MIAMI-The Lefmark Group sells the recently redeveloped shopping center to Ross Realty of Pembroke Pines for $11.1 million. The center is located in the high-growth Fort Myers area.
NEW YORK CITY-Bank of America will move at least 400 staff into a 180,000-sf newly converted space on the upper floors of the Manhattan Mall on West 33rd Street.
HANOVER TWP., NJ-The Maglio Group has acquired the five buildings totaling nearly 153,000 sf, all located here. Newmark Real Estate of New Jersey arranged the deal for the buyer.
LINDEN, NJ-Aryanna Inc. will stay in its existing distribution and office space, and fellow tenant GIF Services has re-upped and expanded at locally based Simon Holdings Inc.'s 525,000-sf Goethals Park.