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ANDOVER, MA-Advance Realty Group, a New Jersey-based real estate firm, acquires the Shattuck Office Center here. The firm recently received a $300-million infusion from Rothschild Realty Inc., with which it plans to invest in properties in the Boston area and in Washington DC
BLOOMINGTON, MN-The commercial real estate firm signs a seven-year lease for about 42,000 sf. The deal involves subleasing the building from Computer Associates as well as a primary lease with Chicago-based RREEF Funds.
LONDON-Two international law firms, Skadden Arps Slate Meagher & Flom and Allen & Overy, are in negotiations for 200,000 sf in the 600,000 sf HQ3 building currently under construction at Canary Wharf.
LOS ANGELES-The gift by chairman and CEO Richard S. Ziman provides a major boost to the school's efforts to compete against arch-rival USC's widely praised Lusk Center.
BASTROP, TX-Woodbine Development Corp. of Dallas is completing due diligence on a 635-acre tract most likely destined for a $125-million resort in Bastrop County. The project, which is set in a nature preserve, carries an Audubon Society seal.
DALLAS-Henry S. Miller Capital Markets Group of Dallas closes about $11.5 million in 10-year loans for properties in Las Vegas and Plano, TX. The Texas deal is a $1.4-million construction loan for a 22,320-sf industrial project.
ORLANDO-The 78-ton, 132-foot long pre-stressed material was being lowered by two cranes from a bridge when a cable on one of the cranes snapped and crashed into an adjacent boom truck where the victims were guiding the material.
LONDON-Retail and Leisure specialist Capital & Regional is to float off its Xscape indoor ski concept into a separate company following the success of its first development in Milton Keynes.
WEST PALM BEACH, FL--The partnership envisions development of a class A, 171-acre business park and foreign trade zone within the 1,243-acre Palm Beach Park of Commerce, 73 miles north of Miami.
NORTHBOROUGH, MA-A real estate management group--RREEF--acquires the I-290 Industrial Park here. The six building research and development and industrial complex was sold for $30.5 million and consists of 578,000 sf of space.