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DETROIT-Don Massey dealerships in Detroit, Lansing and Plymouth, MI are sold by their retiring owner to Sonic Automotive Inc. of Charlotte, NC. They are among dealerships acquired, 13 of them selling Cadillacs.
GRAND PRAIRIE, TX-Post Properties is finishing out expanded space for a veteran tenant at its Grand Prairie office-warehouse building while EastGroup welcomes a newcomer to Texas. The two deals seal off 23,611 sf in DFW industrial parks.
ADDISON, TX-Woodmont Co. of Fort Worth, in a new leasing assignment, is in talks with a would-be tenant for a vacant 32,000-sf Service Merchandise at North Dallas' Prestonwood Center. Also coming is the first redo in 15 years.
HILLSBORO, OR-The site would be the southern end of a proposed 15-mile commuter rail line running between Wilsonville and Beaverton. Preliminary timelines for the $85-million project have completion at least 30-35 months away.
WASHINGTON, DC-Targeting economically distressed communities, the US Department of Housing and Urban Development chooses seven new Empowerment Zones that will have access to $17 billion worth of tax breaks and other incentives. $11 billion of the funds is set aside specifically for low-income housing.
JOLIET, IL-If $1 billion can be found to build the 12-mile extension, it could pave the way for an office and residential boom between Bolingbrook and New Lenox, diversifying Will County's commercial real estate base.
GLENDALE, AZ-Park West Development is bringing more retail to Glendale. It could be a 12-acre, grocery-anchored center or a six-acre strip center. The final decision comes in 30 days. The six acres are in hand as is an option for an abutting tract.
NEW ROCHELLE-Simone Development Companies reports it has continued to expand its New York metro area portfolio with new commercial ventures on Long Island and Queens valued at $16 million.
BOSTON-Simon Property Group's part in the acquisition of the assets of Rodamco North America NV means that the Indianapolis-based company will add three area malls to its portfolio. Westfield America Trust and the Rouse Company acquired Rodamco with Simon.
DENVER-Opened in 1965, the Byron G. Rogers Courthouse will house the federal probation office, the US marshal's office and offices for senior judges. A woman-owned small business will design the project.