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SEATTLE-A foreclosure sale originally scheduled for late June will instead take place Aug. 16. The delay gives the New York real estate partnership that owns the former U.S. West Building at 1200 Third Ave. more time to negotiate with its lender, Lehman Brothers Holdings.
BOSTON-The city will see another 304 residential units thanks to the Boston Redevelopment Authority's approval of three projects in the south end area of the city. The projects are the Dover Lofts, Wilkes Passage, and 137-143 East Berkeley St.
FULLERTON, CA-Private investor Richard Bracamonte snatches up an industrial facility at 1400 Manhattan Ave. The warehouse houses the West Coast plant and manufacturing operations for North American Enclosures, a manufacturer and distributor of picture frames.
TEMPE, AZ-A Phoenix couple uses a 1031 Exchange to acquire a 23,851-sf office building at 4801 Lakeshore Dr. in Tempe. Seller Equus bought the building in 1999 and is selling it as part of a push to unload smaller properties for larger ones.
AUSTIN-Philip Bible, well known in Central Texas circles, leaves his role as vice president of development for Austin's Summit Properties to join the NAI/Commercial Industrial Properties team.
DETROIT-Two of three casinos will move their operations to new locations in Downtown, while MotorCity will expand at its current site. The deal gives the city $102 million over the next two years.
PHILADELPHIA-The Elizabeth, NJ-based general contractor of upper-end construction and renovation of office, multifamily and commercial properties opens a branch office at 1537 S. 11th St. The new location is a reflection of increased Metro Philly activity.
RAMSEY, NJ-Hesco Inc. will use the space at Ramsey Associates' 200 Williams Dr. as a combination central distribution center and regional headquarters. Insignia/ESG arranged the transaction.
BOSTON-The Boston Redevelopment Authority gives the green light to a number of residential projects in the city that promise to increase its housing stock by 65 units, six of which will be designated affordable.
NEW YORK CITY-The five million-sf facility gets a new tenant as the mail and document management services provider takes a long-term lease with a 30,000-sf expansion option at RTP's Building 9.