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GRAND PRAIRIE, TX-A Louisiana-based construction equipment rental business signs a 10-year lease for a five-acre project in the Great Southwest. Two other deals in the leading industrial submarket close the books on 23,177 sf for the long term.
TAMPA, FL-The acquisition price wasn't disclosed in a deal giving the Horsham, PA-based lender's servicing portfolio an additional $600 million worth of contracts. Tampa is 80 miles west of Downtown Orlando.
BOSTON-The Lafayette Corporate Center is reportedly close to being sold. The redeveloped office building was sold at a foreclosure auction four years ago for $17 million but reports indicate that the building could go for as much as $140 million.
BEDMINSTER, NJ-The exact amount was not disclosed, but Advance officials say it will allow them to acquire and develop commercial real estate properties worth $300 million a year for five years.
SAN DIEGO-A 111-year-old building in the Gaslamp Quarter -- home to a nightclub owned by the son of the late singer-songwriter Jim Croce -- has sold for $4.6 million.
ORLANDO-The Florida Turnpike Authority has started a $1 million study to see if a two-mile toll road near the theme park is feasible. If it is, the state would build the $90 million extension at $45 million per mile, making it one of the most expensive roads in the state.
SAN DIEGO-The company last year leased a single floor of the building at 12651 High Bluff Drive. Now it's taking over an entire three-story building in Del Mar Heights.
LONDON-Lend Lease and City and Provincial have bought part of the former Patent Office site at 10 Furnival St. in Holborn. The new owners plan to refurbish and extend the building.
GAINESVILLE, FL-Covered Bridge Apartments Co. of Leesburg, VA paid Dallas-based NLP Covered Bridge National Associates $7.9 milion or $44,886 per unit for the 29-year-old, 176-unit Covered Bridge Apartments, 100 miles northwest of Downtown Orlando.