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BOSTON-An independent estimate of the Big Dig confirms that its costs will be $100 million more than was previously estimated, leaving the Massachusetts Turnpike Authority scrambling to come up with the extra funds.
EFFINGHAM, IL-As part of the firm's national expansion, the famed Southern doughnut maker starts work on a new distribution facility and announces several retail sites planned for the Chicagoland market.
WALTHAM, MA-CyberCFO opens an office here at 3 University Office Park Dr. Officials with the company, an outsourced financial services firm, chose this area because of its high-tech focus and talent pool.
TAMPA, FL-The office buildings in the prime Westshore submarket are the 22-year-old, 94,000-sf, 73% leased Kennedy Center and the 17-year-old, 97,000-sf, 77%-leased One President's Plaza.
CORAL GABLES, FL-The locally based developer of single-family and multifamily residential housing and active adult communities closed on 332 units during the six months ended June 30, with a total value of $60 million, or $180,771 per unit.
ATLANTA-Wilkinson Real Estate Partners, a newly formed multifamily investment fund targeting the Southeast, paid $8.45 million or $33,008 per unit for the 256-unit Westwood Apartments in Knoxville, TN.
SAN DIEGO-The western United States' largest neighborhood shopping center REIT saw solid leasing guide it to rock steady earnings in the second quarter.
LONDON-The economic slowdown is having a marked impact on the central London office market according to new research from Knight Frank. Supply is increasing as space is returned to the market but, so far, take-up is resilient.
MAITLAND, FL-Headwest Inc. of Orlando sold the 18.8-acre parcel at North Street and Route 27 in suburban Longwood, FL for $950,000 in a deal handled by Realvest Partners Inc.
SCOTTSDALE, AZ-The Village Inn in Scottsdale's northern submarket has changed hands in a $1.2-million deal. Leon Schneider, a Beverly Hills, CA-based investor has acquired the eatery from seller CNL Restaurant Property Services.