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NEW YORK CITY-L&L Acquisitions, a current owner in both properties, has changed partners and is dancing now with Investcorp, dropping the Carlyle Group as its joint-venture partner in the two properties.
LONDON-TV production company Corinthian has taken an 85,000-sf building at Stanhope's 1.5 million-sf Chiswick Park development in West London. It will use the building as a production base for channels including TCC, Fox Kids, Screenshop and The Playboy Channel.
MIAMI-G2 Development LLC plans to spend $2 million upgrading the seven-building, 100%-leased, 228-unit Collins Park Apartments with 106,000 sf of net rentable space in the rejuvenated South Beach district.
SOUTH ORANGE COUNTY, CA-Although the overall vacancy level of the South Orange County office market is still on the rise, its rate of increase has begun to slow, according to a new report on the region.
NEW YORK CITY-Philip E. Aarons Wednesday night expressed frustration at the slow pace of rebuilding Downtown. Carl Weisbrod similarly ushered in a call for change, admitting the redevelopment plan "will require more money" than the $20 billion already allocated.
ORLANDO-In a novel marketing approach, elected officials are studying a proposal to sell the remaining 200 undeveloped acres at the 733-acre, county-owned, 10-year-old Christopher C. Ford Commerce Park for next to nothing.
MINNEAPOLIS-"The Reserve" will offer about 134 units starting at slightly less than 900 sf and topping out at 4,000 sf. BEJCO Development Corp. is developing a 10-story luxury condo project in Warehouse District.
GLENDALE, AZ-Glendale gets a boiler systems consulting firm for Paragon Industrial Center while Tempe gets TopGlock.com for a small office at Harbor View Business Park. Lee & Associates Arizona control the bargaining table.
KOREATOWN, CA- Hanover Financial Co. and Upside Investments Inc. sell the La Fayette Park Place Apartments to 1031 Reverse Exchange Co. The apartments sell for roughly $130,000 per unit. Leasing began at the end of last year and currently the complex is close to fully occupied.
OAKBROOK, IL-A 38,250 shopping center in Munster, IN and a 34,412-sf industrial building on a 1.38-acre potential redevelopment site in Mokena, IL are sold by Inland Real Estate Auctions, Inc. for sellers looking to condense the conventional sales process.