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NEWARK, NJ-The Japanese automaker, which has signed a lease through 2018, will shut down its Port of Baltimore operations next year and expand operations here for a combined Mid-Atlantic/Northeast hub.
SHARON, MA-The local conservation commission sponsors a plan to seize a 347-acre parcel here, known as Rattlesnake Hill, by eminent domain. The town had attempted to purchase the site last year but the proposal was defeated at the polls.
FALLS CHURCH, VA-All 70,900 sf of the 18-year-old The Corner at Seven Corners shopping center sells in an $11.9-million transaction. Owner Terranomics Development succeeded with the help of Marcus & Millichap Real Estate Investment Brokerage Co.
CHICAGO-Take a risk, Mid-North Financial Services, Inc. president and chairman Albert C. Hanna tells Inland Real Estate brokers, and follow trends that will make the city's West Side an attractive multifamily development bet.
CHANTILLY, VA-General Dynamics Government Systems Corp. stays on at the Washington Technology Park at 15000 Conference Center Dr. with the renewal of its lease on 60,000 sf of space in the 470,400-sf class A office structure.
DALLAS-Building owners and tenants alike are looking for innovative cost-cutters to keep business growing until economic stimuli take firm root, says Deloitte & Touche. Many firms are scaling back on the maintenance side to deliver the savings.
SADDLE BROOK, NJ-A 45,000-sf Villager Hardware anchors the property, whose siteplan allows for another 20,000 sf of retail space. The Cronheim organization secured the permanent loan for the unnamed owner.
RICHMOND, VA-Multifamily REIT United Dominion Realty Trust, Inc. closes on a $72 million Freddie Mac revolving credit facility, and then sells 3 million shares for a $42.3 million profit.