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PORTLAND-The Elmsford, NY-based company leased shell space in the industrial park for about 36 cents per sf per month and is now working on a multi-million build out of the facility for film processing.
MINNEAPOLIS-The commercial developer has initiated professional development programs for its administrative staff, which represents 25% of its employees, resulting in the International Association of Administrative Professionals Award for Excellence.
CHICAGO-The 427,000-sf Orland Park Place, 24,462-sf Village Green in Arlington Heights and three speculative industrial buildings totaling 200,000 sf in Woodridge are financed by HSA Commercial Real Estate.
JANESVILLE, WS-The $2.2-million project includes 4,600 sf of office space for lease at 2720 N. Lexington Dr. from owner La Crosse, WI-based First Federal Savings Bank. Madison, WI-based Tri-North Builders was general contractor.
SAN DIEGO-A suburban office portfolio of about 500,000 sf is on the sales block, in a deal eventually expected to fetch about $80 million. The five low-rise and mid-rise projects are located in Del Mar Heights, Carmel Mountain Ranch, Kearny Mesa and Mission Valley.
BUENA PARK, CA-The 164-unit multifamily property, known as Bascom Villas, has been sold by a limited liability company. Although the county's multifamily vacancy rate still hovers at 3%, there have been some signs that the multifamily market may be starting to wane.
NEWPORT BEACH, CA-The complex, known as Vintage View, has been sold for $18 million. The deal comes as demand has set the Inland Empire apartment market on fire. The market is being driven mainly by strong population and job growth.
SHEFFIELD-Hammerson, British Land and Multi Development Corporation have put forward their plans for the regeneration of Sheffield City Centre. A final decision on the city council's choice of development partner is expected next month.
WORCESTER, MA-Developers of a mall project here on Lincoln Street are cited by the State Department of Environmental Protection for wetland violations. The developers, Worcester Lincoln LLC, have been targeted by the DEP and by the Worcester Conservation Commission before and could face heavy fines.