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MIAMI-Hollywood, FL-based Swerdlow Real Estate Group Inc. is being retained as operating partner of the 100-acre park, four miles west of Miami International Aiport. The deal is one of the largest in South Florida this year.
SAN MATEO, CA-Glenborough Realty Trust signed two new tenants for the first new downtown office project here in 16 years. The 86,000 sf, six-story building is under construction at 101 Ellsworth and expected to be ready for occupancy in October.
WINSTON-SALEM-The Greenville-Spartanburg area in South Carolina, 75 miles southwest of Downtown Charlotte, is sizzling as new highways pave way for commercial development.
DENVER-First Industrial has found new tenants for office properties in Broomfield and and Stapleton East Business Center. The deals fill 32,807 sf. For Neway Packaging, the signing represents a moderate expansion.
BOSTON-Brookfield Properties Corporation closes the sale of a 49% interest in two of its properties here in the heart of the city's financial district. The interest sold to Deutsche Grundbesitz Management, for $337 million.
TUCSON-Economic development officials in Tucson will travel to San Jose on Thursday in hopes of luring away major corporations, such as Cisco Systems and Hewlett-Packard, with the promise of an abundance of electricity.
BOSTON- Tosco Marketing Corp., an Exxon licensee, wins the rights to 11 service locations on the Massachusetts Turnpike in an estimated $100 million transaction for a 10-year agreement. The company will replace Mobil, whose contract had expired.
REDWOOD CITY, CA and CHICAGO-On Friday, Chicago-based AMLI Residential Properties began using locally based Corrigo's main product, CorrigoNet, to manage maintenance at four of its 71 properties. In January, Corrigo landed a contract with Spieker Properties, which is being acquired by Equity Office Properties Trust.
SAN JOSE-Bryan Friedman, senior vice-president and managing director of Grubb & Ellis' Silicon Valley office, and Ritchie Commercial Real Estate owner Mark Ritchie say the market is softening, but the sky isn't falling.