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PALM BEACH GARDENS, FL-The locally based provider of correctional and related institutional services attributed the successful start-up of new North Carolina facility for a 10% increase in quarterly net income.Palm Beach Gardens is 90 miles north of Downtown Miami.
HARRISON, NJ-This industrial community, across the river from Newark, will get almost 3.4 million sf of office space, 600,000 sf of retail and nearly 3,000 residences in the next decade.
SACRAMENTO-A Boston-based investment company has sold a seven-building office complex here for $8 million. The buyer of the 90,000-sf America Rivers Commons was a mortgage broker from Los Altos and his partners.
HOUSTON-Houston's PM Realty Group, property manager for an El Paso industrial park, has signed a deal with Emo Trans Texas. The pact puts the shipping operation into 39,104 sf at the Butterfield Trail Industrial Park, situated along Spur Drive.
ORLANDO-The six-year-old, locally based real estate company plans to offer one-stop shopping by forming a title insurance company and partnering with the Atlanta-based online lender.
MIAMI-An appeal pending in the US Supreme Court could affect the outcome of a dispute over an inverse condemnation action in Monroe County, FL, and further define precedents on how trial courts adjudicate temporary public taking of private land.
WEST PALM BEACH, FL-Prakas Group is awarded exclusive agreement to represent the fast-growing restaurant chain in the sale of the New York-style bar and grill on Clematis Street in this Palm Beach County city, 67 miles north of Miami. The asking price wasn't disclosed.
NEW YORK CITY-Since the beginning of the year, Manhattan has suffered nearly 6 million sf of negative absorption and seen overall asking rents fall 6%. The highest vacancy rate, 8.7%, was recorded in Midtown South.
NEW YORK CITY-A condominium conversion is planned for 636 Pacific Street, a 50,000-sf building in downtown Brooklyn. This is the first sale of the building since its construction 70 years ago.