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ORLANDO-For the first time since the $214 million Ponzi fraud surfaced a year ago, the U.S. Bankruptcy Court's trustee is suing at least nine individuals and 10 companies associated with locally based Evergreen Security Ltd., a purported mortgage securities-backed investment fund.
SAN ANTONIO-Cott beverage company has added 30,615 sf to its 300,000 sf operation in San Antonio's northeast submarket. The extra warehouse and distribution center is across the street from Cott's main operation at 4238 Director Dr.
HUNTINGTON BEACH, CA-The company has purchased a 30,056-sf industrial facility in Huntington Beach. It is the latest industrial deal to spring up in the county, as the decline in manufacturing activity has begun to ease up.
CHICAGO-Centrum Properties and Angelo Gordon and Co. buy the 26-story office building at 535 W. Chicago Ave. and the parking garage across the street and plan 400 condominium units, and perhaps hotel rooms.
ATLANTA-James A. Fleming, a law partner in Fleming & Ray, is the new senior vice president, general counsel and secretary at the locally based REIT. He replaces Tom G. Charlesworth who was promoted to executive vice president and chief investment officer in January of this year.
OAKLAND, CA-Woodtech purchased two neighboring industrial/manufacturing-use buildings totaling 50,000 sf on 1.6 acres in order to expand its production space without having to move. The seller was Abbey Press, which is consolidating its operations in Brisbane, CA.
LOWELL, MA-Arbor Commercial Mortgage LLC provides a $1.1-million loan to finance the acquisition of Aiken Street Apartments, a 25-unit complex here. This is the eighth property the company has financed in Massachusetts.
TAMPA, FL-Central Hillsborough County, south of Tampa and the Pasco/Hernando County submarket north of the city outranked all Orlando area submarkets as possible 'buys' in a first half that produced few trophy properties for sale in 27 Central Florida submarkets.
FALL RIVER, MA-After plans for a casino in this southeastern Massachusetts town fell through, Fall River decided to transform the proposed casino site into a commerce park. Three of the 11 parcels on the 160-acre site are currently being developed.