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FAIR LAWN, NJ-The two assets came into the Kushner Cos.' fold when it recently bought a 12-building, 975,000-sf portfolio from Keystone Property Trust.
DENVER-Washers and dryers, concierge services, homebuyer programs and health club facilities offer the biggest bang for the buck for multifamily rental owners looking to improve their properties, says Greg Gulley, president of Omni Properties.
LOS ANGELES-One of the nation's premier commercial real estate developers has acquired its partner's interest in the 1.3-million-sf Library Tower in downtown Los Angeles. The 1,017-foot-tall, 73-story building is one of the tallest on the West Coast.
CARROLLTON, TX-M/PF Research says the Sun States will lead the way when it's time for a multifamily rebound. First to recover will be the Inland Empire, Broward County, Tampa Bay, Dallas-Fort Worth, Houston and maybe Oakland-East Bay.
HOUSTON-BSK Investments is plotting an 80,000-sf automotive facility on 5.3 acres that were just bought at Northgate Crossing in the suburb of Spring. That's just one of several commercial land sales to cross the closing table for metro Houston.
MIAMI-The Rahway, NJ-based investor/developer paid $7.04 million or $100.57 per sf for the 87.43%-leased, 70,000-sf Brandywine Centre I in West Palm Beach where Denholtz will establish its regional Florida headquarters.
RESTON, VA-The 189,500-sf Plaza America Tower IV office building will officially be completed on April 1. The Class A structure is the fourth office structure to go up in the $225 million Plaza America office and retail park.
ORLANDO-Atlanta's James F. Jacoby and Michael B. Vlass team with Orlando's Chad Martin to purchase the foundering 14.5-acre North Lake Plaza Shopping Center for $5 million. A pending 9.5-acre, estimated $3.28 million purchase from the city would make the total $8.28 million.
LAGUNA NIGUEL, CA-The company inks a five-year lease for retail space in The Center at Rancho Niguel. It plans to open a residential brokerage office here.