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SAN DIEGO-Three California real estate companies have joined a JV that creates force in the title insurance and transaction-closing segment of the industry.
AURORA, IL-Demand One, Inc. takes the last 45,000 sf at the 187,000-sf Meridian I Business Center at 880 N. Enterprise Dr. Now Duke Realty Corp. is working to fill a recently-completed 46,050-sf speculative building at 858 Meridian Lake Dr.
PHOENIX-Aries Capital's Phoenix office closes what could be the first of 15 refinancing deals for Victory Packaging of Phoenix. Aries' president says the strategy sets the stage for an expansion. More than $2.6 million is secured by a 152,000-sf warehouse.
RANDALLSTOWN, MD-The Carriage Hill Apartments will continue to undergo its rejuvenation process with the assistance of a $36 million refinancing loan from Arbor Commercial Mortgage. Owner Sawyer Realty Holdings take on the 10-year loan at a rate of 7.11%
AUSTIN-The central submarket's loss is the far northwest's gain. National Fatherhood Initiative and Amerinet Mortgage Services sign up for office space at the two-building, 56,419-sf Synergy Plaza at 11940 Jolleyville Rd.
MAPLE VALLEY, WA-The Maple Valley Library has been selected among 700 total submissions across the country to receive the American Institute of Architects 2002 Honor Awards. The annual awards recognize excellence in design.
BIRMINGHAM, AL-The shutdowns are part of a consolidation by Cincinnati-based Federated Department Stores. Federated said it does not yet know if it will sell the properties. Macy's East division operates 114 stores in 15 eastern states.
SEATTLE-The Bellevue, WA-based arm of the Vancouver, B.C.-based firm is seeking a revised Master Use Permit for future construction of a 34-story development with 400,000 sf of office space and 175 residential units near the Downtown retail core.
MECHANICSVILLE, VA-Membership warehouse store BJ's Wholesale Club takes on 16 acres at the Hanover Square South Shopping Center, where it will build its first Richmond, VA-area outlet. BJ's hands over $33.65 million for the property, and will spend $3.8 million to build the store.
ORANGE COUNTY, CA-Rents in the Orange County multifamily sector have leveled off as occupancy levels continue to drop, according to a recent report by RealFacts.