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ATLANTA-The sale contract for Northlake Tower Festival Mall in Tucker, GA, the last remaining property in Oak Brook, IL-based Banyan Strategic Realty's portfolio, has been extended to mid-September as buyer, Los Angeles-based West Coast Realty, seeks approval to assume $16.8-million in debt.
WHITE PLAINS, NY-A downtown office complex that was once the home of Prodigy Inc. is about to be put on the market for sale here. In addition, two other downtown office properties are under contract with a new buyer.
HOUSTON-Troy Collins, formerly with Moody Rambin Interests, will be steering the Yancey-Hausman drive to build an industrial team. Collins is vice president and his first hire is John Wilson as a senior associate.
ORLANDO-Belmont Heights Estates, one of the largest multifamily, partial publicly funded ventures in the area, will have 84 one-story and two-story buildings housing 201 units in the first phase and 358 units in the second phase which is expected to break ground within the next two months.
MESA, AZ-Two years after its shutdown, the Rosarita refried bean factory sells to Presson Corp. The buyer gets a 110,000-sf repositioned industrial property with five tenants and just 5,000 sf standing empty.
MONTCLAIR, CA-Carboline, which makes adhesives for use in distribution and warehouse operations, pays $2.1 million for a 25,841 sf, building, located at 5533 Brooks St.
PHOENIX-The prominent home mortgager takes office space on the first and third floors of the 301,614-sf office tower in the Camelback Corridor. It's the sixth metro Phoenix office for Dallas-based First Horizon.
DALLAS-Morris L. Orr re-hangs his shingle as an independent after leaving Kennedy-Wilson. Lissa E. Cooke settles into her new senior managing director's office at Newmark & Co. and Jeff Symes heads to FelCor Lodging Trust as a vice president and controller.