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NORTH MIAMI BEACH, FL-The Israel-based real estate investment company acquires 1.3 million shares of common stock in the locally based real estate investment trust for about $10.88 a share.
SOMERVILLE, MA-Two proposals have come in to develop Yard 21, the 9.2-acre city-owned site here at Assembly Square. One of the proposals is from a joint venture that owns two parcels adjacent to the site.
NEWARK-The present value of the initial term of the lease to Matrix Development Group is about $64 million, while the aggregate of payments is about $200 million.
CHICAGO-In what is considered one of the more unusual real estate deals in recent years, air rights above the River Plaza parking garage at 405 N. Wabash Ave. will be sold through a sealed-bid auction later this year.
ATLANTA-The locally based investment group paid $13.3 million or $21,875 per acre for 608 acres in the 1,500-acre, 16-year-old Gwinnett Progress Center, the largest business park in Gwinnett County. Now it plans to sell off individual parcels at a profit.
DENVER-The Winston-Salem, NC-based doughnut chain plans new stores in Thornton, Aurora and Colorado Springs after its first entry in the market posts first-week sales hit a record $369,000.
SAYREVILLE, NJ - With its first 62,000-sf facility recently completed at Sayreville Business Center, the Chicago-based developer takes the next step in the ongoing development of the site.
NEW YORK CITY-Over the last two weeks, the Morgan Stanley REIT Index has hit four new highs and this week it reversed $51 million in outflows from real estate mutual funds during that period with an inflow of $80 million.
BOSTON-Spaulding & Slye Colliers releases its semiannual report that indicates drops in rent across the board. But while Cambridge and the suburbs saw significant dips, the city's drops were minor and are still not as low as they were less than two years ago.
GILBERT, AZ-Catalytica Energy Systems of Mountain View, CA has inked the final signature for a 44,000-sf, under-construction project in Fiesta Tech Centre. The energy products manufacturer is taking practically all of the industrial building.