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OXNARD, CA-The property was sold by Palma Investors III. The buyer was Bakersfield Pipe & Supply. The building is located at 2521 Palma Dr. here. The site is zoned M-2 industrial, with a yard and heavy power supply.
OAKLAND, CA- The Earth Justice environmental law group has chosen Oakland as its new home over San Francisco, despite the fact that its rent will double. The law firm chose the spot mainly because of its environmental focus.
MEDFIELD, MA-While the town seems to be unaware of the decision, a state official tells GlobeSt.com that Medfield State Hospital will be closed. But what's in store for the 225-acre parcel on which the hospital is located remains anybody's guess.
NEW YORK CITY-Financial services firm KeyCorp agrees to acquire Conning Asset Management's real estate and mortgage loan business on behalf of permanent lending division Key Commercial Mortgage. The deal is expected to close within 60 days.
LOS ANGELES-The Kingsley Apartment Plaza here is sold to Los Angeles-based FSC Realty at a price that translates to $90,291 per unit and $115 per sf. The cap rate is said to be 7.9%.
NEW YORK CITY-Auto insurance firm GEICO Direct signs a $10 million-plus, 10-year lease for 41,500 sf in the two-floor Long Island office building, owned and managed by 875 Merrick LLC. Brokers say this deal marks the largest office space signing for Nassau County this quarter.
ATLANTA-The New York-based apartment project lender is making a $9.9 million equity investment for tax credits generated by the 324-unit, 14-building Oaks at Brandlewood complex in Savannah, GA. Charter Mac, a Related company, is providing $13.9 million through a bond purchase.
TUMWATER, WA-People who wish to discuss the proposed 113,000-sf Home Depot store will have the opportunity to meet with city staffers and the project developers later this week. The retailer plans to build a store off of Bloomingdale Lane.
WALPOLE, MA-The town considers redeveloping a 100-acre parcel into a golf course. The parcel is located right off Main Street and is largely privately-owned by multiple owners, but the town is looking to protect the site because of its environmental designation.
HOUSTON-Cardtronics will use its new space as it headquarters as well as for storage and servicing of ATM equipment. At last count, Vantage Cos.' two-year-old business park was 82% occupied.