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HENRICO COUNTY-The Hanover Company and a development partner have acquired a 32.5-acre site off Hunton Park Boulevard from Atack Properties in a $2.7-million transaction. They plan to use the space to build a 14-building, 300-unit luxury apartment complex.
MIAMI-One Miami Group has sold one third of its prime nine-acre tract for $6.7 million per acre ($153 per sf) and has the remaining two-thirds under contract.
ORLANDO-The vice president and regional manager of the Tampa and Orlando offices is also the eastern U.S. director of the firm's National Multi Housing Group. Ekovich has been with Encino, CA-based M&M since 1988.
NEW YORK CITY-What effect will the World Trade Center redevelopment have on the downtown office market? Industry experts tell GlobeSt.com that developer Larry Silverstein will be in a strong position to undercut the Downtown market, unless federal subsidies reduce the discrepancy between rents he can charge and what others must ask.
WILMINGTON, DE-After standing vacant following a devastating 1997 fire, the 680,000-sf Delaware Trust Building will be redeveloped as a 370-unit luxury apartment complex. Demolition of a portion of the 22-story structure is expected to begin within the next few weeks.
PRINCE WILLIAM COUNTY-Comcast Communications has chosen Virginia as the location of its new Technology Support Center and will build the 100,000-sf facility in Innovation @ Prince William business park. Comcast will count among its neighbors, George Mason University and American Type Culture Collection.
HOUSTON-The redeveloped office building in the Montrose/Allen Parkway snags another lease for its Texas-based owners. The Family Service Center takes 6,594 sf. It's the second pact for the property in three months.
HAVERHILL, MA-Skyworks Solutions, Inc. closes its facility as part of a company-wide consolidation effort. The Woburn, MA-based firm plans on transferring some of its operations there and the rest to its facility in Mexico.
PHOENIX-The association's Central Phoenix chapter acquires a 150,681-sf parcel near Pinnacle Peak and 19th Avenue for the 20,250-sf headquarters, being named after the daughter of the Arizona Diamondbacks' president.
RYE BROOK, NY-Westchester County and village officials were on hand Wednesday for a ceremony to acknowledge the official start of construction on the $45-million Stone Gate at BelleFair development, a 166-unit senior facility here.