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LAS VEGAS, NV-City Center Retail LLC will develop the 60,000-sf retail center along the north end of the Las Vegas Strip at the intersection of Convention Way.
PHILADELPHIA-The multi-story, 41,931-sf Witmer Plaza on Dresher and Witmer Roads in Horsham, PA in Montgomery County sells to local private investor Michael Insalaco for $5.633 million. Occupancy at the just-completed building is 90%.
ROUND ROCK, TX-An AmeriSuites hotel joins the rush of openings in Round Rock, activity coming in part from La Frontera Village. It is the New Jersey hotelier's fourth facility in Austin. Aabtel Inc. is the franchisee and operator.
MIAMI-The Boca Raton, FL-based firm's Capitol Development of Arkansas Inc. has paid its secured creditors a total $7 million in lieu of a reorganization plan, Michael Todd, a Capitol Communities principal, tells GlobeSt.com.
ATLANTA-Locally based Symbiat Services, formerly Multi-User Solutions, signs a six-year lease for 26,880 sf at 4920 Avalon Ridge Parkway in Norcross, GA, taking the 59,400-sf property to 90% occupancy. The lease is valued at $1.2 million or about $7.44 per sf, according to GlobeSt.com sources.
TEMPE, AZ-Interior Solutions will move into its new Tempe location Oct. 1. The firm consolidates two sites with the 40,000-sf lease that comes with the option to buy the building at 307 S. Wilson.
ELMSFORD, NY-Officials with Mack-Cali Realty Corp. report that it completed 312,360 sf of lease deals at its New York and Connecticut commercial properties in the second quarter of this year, which was 7.8% higher than last year's performance.
ANN ARBOR, MI-Reports of a move out of Ann Arbor Township are pure speculation, company officials say. The 200,000-sf Domino's Farms office complex will be redesigned instead.
DENVER-While the office and industrial sectors are no port in the storm, retail properties, especially grocery-anchored assets, remain attractive to both tenants and investors. Vacancy is up slightly, but only to 6.9%.