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DALLAS-L&B Realty Advisors of Dallas and its joint venture partner, RED Development of Scottsdale, AZ, are opening doors to a 550,000-sf lifestyle center in Ft. Wayne, IN. The high-end project is the first of many more to come, says L&B.
WASHINGTON, DC-The Route 1 and Interstate 95 corridor between the District and Baltimore is strongest submarket, as it builds on a base on non-technology tenants. Northern Virginia vacancy rates are expected to soar as technology projects are put on hold or remain unleased.
ORLANDO-In an unconventional deal, the Catholic Diocese of Orlando plans to expand its headquarters operations by buying 60,000 sf of the historically designated 76,000-sf Downtown U.S. Postal Service building, sharing the structure with the Post Office which owns and operates 16,000 sf.
LAKEWOOD, NJ-Called Windsor Title Agency LP, the new venture will perform title insurance for commercial and residential real estate transactions in the Garden State.
IRVINE, CA-The Irvine-based engineering firm is planning to build the facility on a 2.36-acre parcel, which it has purchased for $2.5 million. The company is relocating from another site in the Irvine Spectrum.
VAIL, CO-LaFarge Corp. subsidiary Western Mobile Inc. buys Rocky Mountain Redi-Mix LLC; Roaring Fork Sand & Gravel Inc.; Roaring Fork Aggregates Inc.; and Roaring Forks Resources Inc., assuring area demand is met.
FORT LEE, NJ-Buyers might not like the high prices, but the industry certainly does. The demographics of the country's richest state are also a factor in keeping the market solid.
MIAMI BEACH, FL-The acquisition of the 704,538-sf mixed-use property represents a major step in a strategic plan to expand the company's investments in South Florida and the Caribbean.
SEATTLE-The Retail Group, a locally-based leading retail strategy, branding and design agency, reports J'Amy Owens, president and co-founder of the firm, has been dismissed.