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NEW YORK CITY-Beverly Hills oil billionaire Marvin Davis is nearly ready to sign final papers for the purchase of 450 Lexington Ave., a 40-story office tower adjacent to Grand Central Station.
BEDMINSTER, NJ-Three class A office suite buildings totaling 17,000 sf complete the build-out of Advance Realty's 100,000-sf Advance at Bedminster project.
MILAN-Barclays Capital and WestDeutsche Landesbank have submitted a planning application for a new 540,000-sf shopping centre close to Milan's airport at Linate.
COLORADO SPRINGS, CO-The 152-unit multifamily rental complex gets financing in spite of a high percentage of US Army personnel from nearby Fort Carson through Uniondale, NY-based Arbor Commercial Mortgage LLC.
PORTLAND-The five-year, estimated $845,000 deal is for 9,167 sf in a 45,000-sf former health clinic turned office building at 8909 SW Barber Blvd. that is now 98% leased. Jack in the Box is expanding from 1,000 sf on Kruse Way.
HANOVER, MD-Anticipating growth following the recent terrorist attacks, security products company CompuDyne Corp. is taking on additional space. The organization purchases a 75,000-sf building in Montgomery, AL for $3 million.
WOODCLIFF LAKE, NJ-The Starwood-Heller property has opened for business fully leased to such upscale retailers as The Gap, J. Crew, Eddie Bauer and Victoria's Secret among others.
ATLANTA - Regency Centers is giving the Columbus, OH-based telecommunications, planning, development and management firm exclusive rights to market the non-revenue producing portions of Regency's shopping centers to wireless communications providers.
SAN LEANDRO, CA-The company, which does business as Essenza, leases several thousand square feet for five years in the Wicks Business Park. The park is owned by Westcore Industrial Properties.
PETALUMA, CA-Jon Lefferts, vice president of the Real Estate Merchant Banking Group at Wells Fargo Bank for the past four years, has stepped into a senior management role at Basin Street Properties.