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ROSELAND, NJ-Owner Safer Development has converted the one-story property from industrial to office use, renaming it the Roseland Office Center. Grubb & Ellis is marketing the property.
ATLANTA-Finding federal dollars and getting revenue bonds issued by the Georgia Regional Transportation Authority won't be easy, brokers familiar with the 24.5-mile, 18-station venture tell GlobeSt.com.
BOSTON-Members of the city council here are up in arms over the recent seizure by the Boston Redevelopment Authority of a 37,000 sf parcel here. The parcel is in an area with very little undeveloped space left.
HOUSTON-Henry S. Miller Commercial has promoted a 24-year veteran for senior vice president from vice president in Houston. Thomas L. Ford has been with the firm for four years and is the lead producer.
HOUSTON-UniLev Capital Corp. has added the 619,000-sf Phoenix Tower to its Houston portfolio. The investment firm, which has been buying Houston properties for the past decade, has put up $66.5 million for the class-A property.
PORTLAND-It seems only tenants with lapsing leases and developers already in the ground are moving forward in the face of a stalled economy. Building owners, meanwhile, are busy trying to keep lease rates stable.
STAMFORD, CT-Due in large part to $2.6 million in incentives provided by the State of Connecticut, the Illinois-Based firm will relocate its corporate headquarters from suburban Chicago to 45,000 sf of space here.
OAKLAND-One report on San Francisco suggests asking prices for apartments are down 20%. Buildings are still getting multiple offers, but not at full price, according to a regional manager at Marcus and Millichap.
ATLANTA-Driven by single-family home growth, traffic counts are doubling in this suburb 30 miles west of Downtown as commercial development moves into the neighborhood.
EDINBURGH-Redevco, the property company owned by the Dutch Brenninkmeyer family, whose C & A retail chain pulled out of the UK last year, has lodged a planning application for the redevelopment of the former C store on Edinburgh's Princes Street.