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SOUTHFIELD, MI-Tel-Twelve Mall is receiving an opening-up makeover, as DSW Shoe Warehouse opens a 25,000-sf freestanding store. The de-malling is on schedule, says Ramco-Gershenson Properties Trust.
NEW YORK CITY-Human resources and tax consultancy firm PayTech takes 13,000 sf at 75 Broad St. in the largest of four recent signings totaling 25,600 sf. Owners JEMB Realty cite a return to traditional tenancy in the downtown market as the driving force behind a recent flurry of leasing activity in the building.
MIAMI-After seven years of negotiations, the largest land-holding company in South Florida has cut a deal with the federal government to give up drilling plans on land it owns in three Florida Everglades preservation areas.
LONDON-London Mayor Ken Livingstone has given the go-ahead for two new tram schemes that he hopes will encourage regeneration and ease traffic congestion.
NEW YORK CITY-With funding by two institutional investors in place, the global real estate firm's newest fund plans to acquire a major office portfolio within the next year. The investments will be short-term, averaging four to five years.
NEW JERSEY-The real estate services firm has tapped SJP's Charlie Hatfield to head its new NJ operations, a move brought about by its increasing client demand within the state.
NEW YORK CITY-The Plymouth Meeting-based REIT yesterday revealed the appointment of Chris Marr as the company's new chief financial officer, ending a nine-month recruitment process.
FULLERTON, CA-Granite Investment Group LLC acquires the 136-unit property, known as the Lake Apartments. The company plans to invest $1.4 million in capital improvements to the property, which was 97% occupied at the time of sale.
ATLANTA-In a major cleanup, a 200-unit apartment complex, 52-unit condominium and CVS drug store will rise on the 3.46-acre block that once housed a laundry facility for Georgia Baptist Health Care.
CHICAGO-The Great White North is a land of opportunity for real estate investors who might find greater returns in a Canadian office market that is faring better than most in the US, says LaSalle Investment Management.