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FREEHOLD, NJ-The upscale rental property in this Monmouth County seat, already one-quarter leased, is the Virginia-based developer's ninth project in the Garden State.
FRAMINGHAM, MA-Genzyme Corp acquires a protein manufacturing facility in Belgium, and decides to suspend development of a protein production plant here near the company's campus. The Belgium-based facility is to become the company's second major protein plant.
SANTA ANA, CA-Marlin-Davidson sells a 39,089-sf Santa Ana building to an appliance company. Both buyer and seller will continue to occupy the facility.
HOUSTON-A CB Richard Ellis team in Houston is marketing a big box portfolio for Wal-Mart, which is looking to cut short-term sale-leasebacks. Wal-Mart wants to unload the stores and build Supercenters in the same market, says the team leader.
MINNEAPOLIS-Mayor Sharon Sayles Belton's challenger says she has spent too much on Downtown development and has not created enough new affordable housing. She claims 1,350 units have been built in the last two years.
SUNNYVALE-Hyseq has signed a long-term lease with the Irvine Co. for 140,000 sf of R&D space at 985 Almador Avenue, adjacent the company's existing headquarters.
NORTHBROOK, IL-The 386-room Sheraton Hotel here will become a Marriott Renaissance during a $6.5-million renovation, a result of the $26.5-million sale by Prudential Insurance to joint venture partner Davidson Hotels.
PORTLAND-William Emery, owner of the Oregon Trail Building at Southwest Fifth Avenue and Stark Street in Portland, has reduced energy costs by making several improvements to the building.
ORLANDO-A week after hesitating to memo Gov. Jeb Bush on the controversial, 1,433-acre, estimated $1.2 billion mixed-use venture in rural south Lake County, the governor's Cabinet affairs department is now recommending the Orlando landowners be given five more years to break ground. Anti-development activists are furious. Bush is scheduled to make his own ruling today.