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LONDON-The London Development Agency's new Economic Development Strategy plans to spread the benefits of London's economic boom into some of the capital's poorer districts.
PLANO, TX-It's a deal where no one's talking price, but it was lucrative enough that Stream Realty Partners has taken the sale instead of refinancing a build-to-suit in Plano. Orion Realty says it buys what it likes.
THE WOODLANDS, TX-Metro National will be launching its seventh senior living community in the Woodlands on an 8.4-acre tract that has just been bought. The Terrace at The Woodlands will deliver 250 units to the community.
SAN JOSE-Richard McDonald returns to Hopkins & Carley to handle complex construction, real estate, land use and business litigation cases in jury and court trials, as well as appeals, binding arbitrations and mediations.
MONTVALE, NJ-In the heart of New Jersey's "corporate country," the class A building is just under 90% leased. The sale price and terms were not disclosed.
NEW YORK CITY-Lexington owns and manages a diverse portfolio of 98 US properties with more than 15.7 million sf of space in 30 states. Franchise Finance provides real estate financing to multi-unit operators of chain restaurants and convenience stores.
GRAND RAPIDS, MI-A 114-acre area of older buildings, including the Grand Rapids Press' operations, will receive aid from the Michigan Economic Development Corp. for cleanup and new construction.
EUGENE, OR-To settle a lawsuit and avoid a potentially higher damage award, the city of Eugene will pay a Portland area businessman $1.2 million in damages plus $2.75 million to buy land the city allegedly blocked him from developing several years ago.
WASHINGTON, DC-CarrAmerica Urban Development LLC, a subsidiary of CarrAmerica Realty Corp. has been selected to assist in developing a second headquarters for the International Monetary Fund adjacent to its current headquarters.
ORLANDO-The May number was 65.7%, the lowest since the Orlando/Orange County Convention & Visitors Bureau Inc. started keeping detailed monthly occupancy records in 1989. The national average for May was 63%. Lower occupancies are projected for June.