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CHICAGO-Prime Group Realty Trust is under pressure from two creditors to raise $60 million now, more than a year before its $365-million Dearborn Center is expected to be completed.
BETHLEHEM, NY-In a deal valued at $7.2 million, Daisytek, a Texas-based computer and office supplies distribution firm, reports it will retrofit a vacant building here in order to open a new distribution facility that will employ 300 workers.
PORTLAND-Staff for the Oregon Public Utility Commission is recommending approval of the $2 million loan from Portland General Electric to Portland Energy Solutions, a PGE spin-off that was being funded by the Enron. The commission votes on Monday.
CONCORD, CA-Moison Investment says that 1120 Virginia Lane has traditionally held high occupancy rates because of its desirable location and moderate rents. The apartment property just sold for $1.56 million.
BRANCHBURG, NJ-Bateman Printing was represented by Coldwell Banker Commercial/Feist & Feist in the signing at a Berkley Tech Park asset. The lease is for 25,600 sf of space at 171 Industrial Parkway in this Somerset County community.
OKEMOS, MI-Michigan Equities officials promise to add value, market knowledge and mutual trust with real estate transactions. The company has a separate property management entity and already is involved in development projects.
YPSILANTI, MI-The city will use a $2.7-million grant to buy land for the mixed-use Water Street development, which will be built by Biltmore Properties. Acquisition of 34 acres, about one-third complete, is expected to cost $9.4 million.
ORLANDO-The Syracuse, NY-born industrial broker, wine specialist and professional singer handled the Chicago-based firm's 11-building, 800,000-sf Orlando Central Park portfolio and the 3.4-million-sf Miami International Commerce Center in Miami-Dade County's Airport West submarket.
PHOENIX-EJM Development walks away the winner as two Phoenix businesses relocate into industrial space at Aztec Commerceplex and 19th & Pinnacle Peak Commerceplex. The three-year leases carry an aggregate value of $305,000.
MIAMI-The former president of Coscan Florida and Williams Island Inc. will oversee condominium development in South Florida for the nine-year-old, Coral Gables, FL-based multifamily developer.