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BEDFORD, MA-Voters decide today whether a school or a 264,000-sf mall gets built on a 38-acre parcel located between Routes 114 and 101. The Flatley Co. agreed to sell the parcel to the town's school district but the town has to approve the $3.9-million purchase.
ORLANDO-The triple-B rating from triple-B-plus comes as the New York-based bond-ranking agency worries the sale of the county's refunding revenue bonds could be affected by the civil lawsuit Lake has filed against Fairfield, NJ-based Covanta Energy Corp. to regain control of the 13-year-old, 100-acre incinerator complex near Okahumpka, FL.
CHESTER, NY-Talk about a cool deal. C&S Wholesale Grocers, Inc., has increased its presence in the Chester Industrial Park here with the lease of a 68,020-sf freezer facility.
SAN DIEGO, CA-Encompassing 49,284 sf, the office property consists of two buildings that stand at 10021 Willow Creek Rd. and 9775 Business Park Ave. Completed in 1984, the complex is occupied by tenants WorldxChange Communications and Semtech Corp., among others.
BOSTON-The Boston Redevelopment Authority approves Beacon Capital Partners' request to modify its 1.75-million sf Midway project. The changes involve reducing the office space while nearly tripling the number of residential units.
PLEASANTON, CA-After buying and repositioning the former HP facility for potential medical use, the developer inks a 10-year lease agreement with ValleyCare Health System of Pleasanton.
ISSAQUAH, WA-In an effort to ready the 630-acre master-planned community for its first residents next month, wet and dry utilities have been connected to many of the residential sites, entry monumentation is in place and work on SR-900 is nearing completion.
PORTLAND-The Teachers' Retirement System of the State of Illinois this week sells a 50% stake in 1.2-million-sf Clackamas Towne Center shopping mall to General Growth Properties as part of a new joint venture between the two entities. GlobeSt.com reported two weeks ago that the mall's ownership may be changing.
SAN DIEGO, CA-Jean Marie Josselin LLC dba 808 Restaurant inks a $1.2-million lease for retail space in Aventine Restaurant Row. The new tenant will take 3,450 sf at 8980 University Center Lane, according to the terms of the 10-year agreement.
CHICAGO-A 50/50 joint venture between the retail REIT and the state Teachers' Retirement System launches with the acquisition of three enclosed malls in Cincinnati; Riverside, CA and Taunton, MA. The teachers' pension fund also contributes its mall in Portland, OR.