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BINGHAM FARMS, MI-Sherwood Plaza in Springfield, IL; Kmart Plaza in Salina, KS; South City Center in Wichita, KS; and Kmart Plaza in Jefferson City, MO garner $14.8 million. The company borrows another $45.6 million to pay off the mortgage.
DIXON, CA-Billionaire Frank Stronach envisions a 225-acre horseracing venue here that would replace Bay Meadows, a San Mateo racetrack that is closing because its land has become too valuable to use for racing horses.
CHICAGO-A location in an Enterprise Zone and tax increment financing district are among the plusses for the seven-building campus-like industrial property at 1000 E. 87th St.
DALLAS-A Dallas team is ramping up to review 34 leased sites and three owned properties held by Staveley Services North America. The three-year contract is another in a growing trend by the industrial sector to identify more bottom-line savings.
FLOWER MOUND, TX-Maytag Corp. gets a new distribution spot; Best Buy gets a neighbor; and Hillwood fills its first building in an 82-acre project. Before Q3 ends, another 460,800 sf will be rising in Lakeside Trade Center.
WARREN, NJ-BioArray Solutions has signed on for more than 32,600 sf, while a currency trader and an accounting firm have inked leases at 35 Technology Dr., one of several locations Anadigics occupies in the vicinity.
LAGUNA HILLS, CA-The retail complex, which encompasses approximately 10,000 sf, stands at 24791-24901 Alicia Parkway. It is anchored by Pic-N-Save and Chick's Sporting Goods.
SACRAMENTO-James E. Burton, CEO of the $140-billion public pension fund for the past eight years, will take the CEO spot at the World Gold Council, a gold mining association, at the end of this month. Burton previously said he would resign at the end of the year.
LAKEWOOD, CO- Cresthills/Patio Plaza LLC pays less than $61,000 per unit for the six-building development at 5790 W. 20th Ave. in the "up-and-coming" area close to to Sloans Lake and Downtown.
PRINCETON, NJ-Miele U.S. has opened the 23,000-sf second phase of the 12.64-acre corporate campus it's building here. At least two more phases are expected within the next five years.