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GRAFTON, MA-IntelCore Technologies lands a surprising $25 million in venture capital as the rest of the fiber-optic industry continues to suffer from the high tech bust. The fiber-optic based start-up will use the funds to build a 40,000-sf plant here.
MINNEAPOLIS-Stonehaven reports loss of $820,000 on $1.19 million in revenues for its second quarter. REIT officials will take the rest of the month to plan a future course.
DALLAS-This week's leasing activity shores up 45,915 sf of office and retail space in the metroplex. DecisionOne, a high-tech support firm, accounts for nearly half of the leases to come down the pike. The other three are renewals, including one retail expansion.
PLANO, TX-General contractor Hill & Wilkinson says the time has come to focus on two niche markets that they've served since its inception 33 years ago. Teams are being set up to lead specialty concrete and education construction projects.
FULLERTON, CA-The latest report from Cal State Fullerton foresees modest gains for Southern California over the next six months. The national economy will struggle, but likely avert full-blown recession.
CHICAGO-While sales of Phase I and Phase II units have slowed at Kinzie Station, Heartland Partners, LP stands to make nearly $5 million by selling 1.2 acres for a parking garage along with 4 acres of air rights under contract.
NEW YORK CITY-The property acquisition and management company, based here, pulled off a 26% earnings increase in second quarter this year over the same period last year.
FARMINGTON HILLS, MI-Lutz Capital arranges an $11-million loan to buy an office building as well as a flex building, $1.9 million to refinance a strip mall and $2 million for a 15-year lease with an office supply retailer.
RICHMOND, VA-Bradley McGetrick, an intern at Parkway Properties, Richmond, VA and at the real estate school at Virginia Commonwealth University, is being hired to prepare a comprehensive data base of commercial property activity.