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MIAMI-The Tamarac, FL-based global distributor of aircraft materials, has contracted with Fort Lauderdale, FL-based Miller Construction Co. to build an expandable $3 million, 58,400-sf distribution and company headquarters complex in the Tamarac Commerce Park, 25 miles north of Downtown Miami.
FARMINGTON HILLS, MI-Childtime again asks to buy Tutor Time, this time for $22 million plus liabilities. The company awaits a bankruptcy court hearing. Tutor Time has filed for bankruptcy court protection.
AUSTIN-State Bank put up $7.7 million and Regions Bank, $2.3 million. The Austin-based sandwich chain will retire a large debt and set off on an expansion to corner the market in Texas and several other states.
SUDBURY, MA-The town tries to revitalize its downtown and to reverse its reputation as being an inhospitable place for business by putting together a committee that will recommend zoning and other changes in the Route 20 corridor.
SAN JOSE-Downtown San Jose will soon be without a medical facility. San Jose Medical Center officials have decided to close operations and expand its Regional Medical Center, which is 2.5 miles from the downtown area.
CHICAGO-Grubb & Ellis shores up its ranks here with the hirings of Adair Schwartz as senior vice president and John Kinsella as vice president of office advisory services.
ORLANDO-The locally based developer is expected to pay landowner Bonnet Creek Venture Ltd. at least $300,000 per acre ($6.89 per sf) or a total $13.8 million in a deal expected to close Oct. 1. The parties signed the contract yesterday.