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NORTHLAKE, IL-The Oak Brook-based REIT buys 505 N. Railroad Ave. and 333 Northwest Ave., properties formerly owned by Dominick's Finer Foods, for an undisclosed price. The properties total nearly 450,000 sf.
AUSTIN-A Dallas lawyer, specializing in affordable housing, has come on board at Austin-based Diana McIver & Associates, a real estate development firm. Scott Marks is the firm's new executive vice president and general counsel.
BLOOMINGTON, MN-Three of the four specialize in office leasing, while the fourth focuses on industrial product. Combined, they work the entire Minneapolis market.
DALLAS-Hillwood Investment Properties has signed a major player to its under-construction 327,600-sf Pinnacle 2 building in South Dallas. Quality Logistics Systems is taking 248,300 sf for a distribution hub for its warehouse store customers.
BETHESDA, MD-American Society of Hospital Pharmacists has leased 34,100 sf to Salomon Smith Barney Inc. at 7272 Wisconsin Ave. here. The company has signed a long-term lease for the space on the fourth floor.
SAN JOSE-Manufacturing and test services provider Paramit Corp. will relocate its headquarters to Madrone Business Park, a new 120-acre development by a partnership of Toeniskoetter & Breeding Inc. and publicly traded Mission West Properties. Some 660,000-sf is currently under construction.
LONDON-The negative sentiment surrounding UK retail property has been overstated, according to new research from agents King Sturge, and the sector now presents a significant buying opportunity.<
SOUTH BRUNSWICK, NJ-GMAC Commercial Mortgage put together the package for the owner, a locally-based partnership, for the 187,000-sf Princeton Park Office Center. The property is situated within the Route 1 corridor/Princeton submarket.
LOS ANGELES-The Denver billionaire's new project in South Bay city of Carson will include a 20,000-seat soccer stadium and 8,000-seat tennis facility. It's the second major deal involving Anschutz announced in the past month.
DALLAS-The region's well-known Art Lomenick, formerly a senior exec with Post Properties, is now leading a new WorkPlaceUSA division that's tailor-made for his expertise. And, he's already scouting cities for New Urbanism projects.