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WILMINGTON, DE-New York's Advance Magazine Publishers signs a sublease and a lease of 93,000 sf in two buildings where it will house its new shared-services center. The long-term deals provide options for expansion and are valued at a total of $20 million.
CHICAGO-The drug store chain has a net lease on seven of nine properties recently sold in $33.5 million worth of deals by Syndicated Equities Corp., including two in the suburbs of Bolingbrook and McHenry.
GLOUCESTER TWP., NJ-The Granite Group project, which will be built in several phases on a 100-acre site in South Jersey, is being marketed by NAI Mertz.
BIRMINGHAM, MI-A three-year process is worth the wait for Paul Robertson Jr., president of Roberston Brothers Group of Bloomfield Hills, who achieves his goal of developing a luxury condominium project in his hometown.
ORLANDO-Buffalo, NY-based Benderson Development Co. Inc., headed by Nathan Benderson, is one of the major players in Manatee County, developing 800 acres for retail/residential and redeveloping the Sarasota Outlet Mall in Sarasota, FL.
SAN JOSE-The cause of the fire, insurance coverage, project timelines, everything remains in flux as triage begins at the $500-million development following a huge blaze that destroyed half the development's planned housing.
CHICAGO-Hoping to lure developers who can bring in more national retailers to the crossroads of Irving Park Road, Cicero and Milwaukee avenues, the city offers the Klee Building and a former Woolworth's outlet for only $200,000, about 13% of its appraised value.
PHILADELPHIA-The Clean Ohio Fund dispenses grants for the purchase of approximately 500 acres of wetlands and wildlife habitats in seven locations in central Ohio. Prices range from $1,000 per acre in Prairie Township to nearly $120,000 an acre in New Albany.