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EAST RUTHERFORD, NJ-A 10.4% vacancy rate isn't the best we've had, but in an economy that's slipping and sliding, maybe it's stability we should be looking for. But watch for more concessions as owners rush to close deals.
LOS ANGELES-A locally based medical management company has stitched up a $2-million deal with the Jade Corporate Center, to occupy 16,311 sf of office space at the Mission Hills complex.
MIAMI-One-stop provider of financing for the retail petroleum market closes third major deal this year, underwriting the $17.4 million sale of Gillespie Oil Co. to AmeriStop.
NEW YORK CITY-SoHo fever has crept across the river into DUMBO. Two Trees Management Co. is bringing a new kind of waterfront to the city, helped by state and city financial incentives that have brought asking rents to less than $10 per sf.
GARDEN GROVE, CA-A private investor has purchased an apartment complex with 24, one-bedroom units for $1.28 million. The complex was 100% occupied at the time of sale.
SOMERVILLE, MA-Stop & Shop Supermarket Co. wants to build an 83,000-sf superstore on a former lumber site here but a number of alderman want to reduce its size by rezoning the area. The mayor does not support them.
WHITE PLAINS-Valhalla developer Louis Cappelli says he paid "somewhere north of $50 million" for the former Macy's store property here and now plans a $250-million retail/housing venture.
ROCKVILLE, MD-Proceeds from the offering will be used to pay off debt incurred from the REIT's purchase of One Central Plaza for $43 million last week. The offering is priced at $22.15 per share.
DENVER-The property is smaller than the Chicago-based auction house usually hawks. But its premier location in the Highland neighborhood should fetch a bevy of bidders. The owners of 2850 Umatilla St. simply want a quick sale so they can head east.
EAST RUTHERFORD, NJ-A 10.4% vacancy rate isn't the best we've had, but in an economy that's slipping and sliding, maybe it's stability we should be looking for. But watch for more concessions as owners rush to close deals.