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SEAL BEACH, CA-Investors Rocky and Deborah Genter pay $1.2 million for the mixed-use facility containing both retail and office space. The county's retail sector continues to hold steady, as evidenced by these smaller bread and butter deals.
CRANBURY, NJ-The German-owned printing equipment maker will relocate to the Adler Development property from elsewhere in New Jersey by the end of this month. Cushman & Wakefield arranged the deal.
CORAL GABLES, FL-Todd Galimidi, 38, who has been with Codina Real Estate Management Inc. for nine months, will oversee the engineering operations and maintenance of the projects in the company's South Florida portfolio.
MIAMI-The Boise, ID-based grocer is selling three Miami stores totaling 166,000 sf, plus one store site in a deal conservatively estimated at $16.6 million, real estate sources intimate with the deal tell GlobeSt.com.
SEATTLE, WA-Boggy economic conditions and a Puget Sound office vacancy rate above 11% are likely factors that contributed to Martin Selig rethinking the timing of a portfolio sell-off -- so say local experts.
BOSTON, MA -After not being paid for more than three weeks, many contractors working on Boston's $14-billion Big Dig Artery project may walk off the job before completing their work. The trade group that represents many of these contractors sent a letter to acting Governor Jane Swift informing her of their predicament.
ROCHESTER, WA-The Chehalis Tribe began construction this week of a 15,000-sf addition to the Lucky Casino. The addition will house a new event center and Bingo hall, and is expected to enhance the facilities of the existing 50,000-sf casino.
LEESBURG, FL-Elected officials must alter the city's comprehensive land-use plan to usher in surgeon/developer Clayton Pruitt's $1 billion, 3,334-acre, 20-year project encompassing four million sf of industrial; 1.3 million sf of retail/office; 10,102 single-family, duplex and triplex shelter units; and 5,320 multifamily units.
HERNDON, VA-Cisco Systems is strongly considering putting its 189,000-sf space on Dulles Technology Drive on the sublease market. Cisco pre-leased the entire building months before its completion over the summer but has yet to occupy the space.