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HILLCREST HEIGHTS, MD-The 159-unit, 40-year-old Parkway Apartments complex gets a $13 million renovation courtesy of Franklin Capital Development Co., which acquired the building in April for approximately $6 million.
MIAMI-City commissioners have approved the two-building, 45-story, $300 million project, the first Downtown residential public-private partnership of its kind.
SHERBORN, MA-Rising Tide Development's 40B project on Whitney St. scales back from 52 to 34 because of issues with the area's sewage system. A Chapter 40B permit allows the developer to bypass local zoning laws but town officials say there could be other problems with the proposal.
PASADENA,CA-Adler Realty Advisors of Woodland Hills, Calif. bought the 26,191-sf property, which includes one all-office building and another building with both office and industrial space, broker Ken Hulbert of Daum Commercial Real Estate Services tells GlobeSt.com.
CAMDEN, NJ-The demolition program, which will begin immediately, dovetails with the state's recently-approved $175 million effort to rebuild this long-struggling South Jersey city.
HAYWARD. CA-Two major healthcare companies have decided to cut back on real estate holdings. Cardinal Healthcare and Allegiance Healthcare Corp. have sold industrial buildings for a combined total of $24.8 million.
LONG BEACH, CA-A private investor based in Beverly Hills, Calif. obtained a $5.52 million loan from Lehman Bros. to refinance the six-story, 62,262-sf City Centre office building in Downtown Long Beach.
LONDON-Retail warehousing specialist Grantchester Holdings has bought a 30-acre site in Merthyr Tydfil, South Wales, from the Welsh Development Agency for a 240,000-sf retail development.
LAFAYETTE, CO-Exempla Healthcare buys the massive parcel in the 119-acre Lafayette Corporate Campus for a $240-million hospital. It is one of the largest sales in the Northwest corridor in nearly two years.
SAN CLEMENTE, CA-The company, Cameron Health Inc., will occupy its new offices, located at 905 Calle Amanecer, at the beginning of August. The transaction is valued at more than $1.6 million.