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WEST ORANGE, NJ-The owner and operator of multifamily real estate properties acquires its first two complexes in the Pennsylvania market and sets its sights on increasing its profile in the eastern part of the Keystone State.
BRIDGEWATER, NJ-The Garden State's economy welcomes yet another major transaction by the global pharmaceutical community. German-based Aventis, the result of Hoechst/Rhone-Poulenc merger, solidifies North American operations.
ATLANTA-The estimated $175-million deal for the three-building, 886,000-sf Atlanta Financial Center is expected to close by March. Overseas Partners Capital, the seller, bought the 97%-leased asset in 1996 for $123 million.
CHICAGO-The Netherlands-based bank holding company proposes building two 30-story, 2.5-million-sf offices towers on a city block just west of the Richard Ogilvie Metra train terminal with city and state help.
EAST RUTHERFORD, NJ-The sale of a South Jersey office portfolio and a rash of lease transactions by broker's Garden State offices ends "double-zero" pretty much as it began--with a high level of deal-making activity.
AUSTIN-The "Storm's" coming to 8303 Mopac Blvd. Ion Storm, a computer game designer, has successfully jockeyed for 19,915 sf in the 251,000-sf, four-story building.
NEW YORK CITY-Brokers from the company based here arranged the acquisition of the Union Meeting IV building on behalf of Berwind Property Group. This is yet another deal, strengthening C&W's presence in the mid-Atlantic region.
BETHESDA, MD-Hines, an international real estate firm, is slated to pay about $120 million for two Washington-area office buildings. The company plans to purchase Capital Gateway II and IV, twin five-story 574,000 sf office buildings.
ATLANTA-A major Hines Interests Inc. development is replacing a planned office building with an 18-story, 200-unit apartment complex. Locally-based Harbor Cos. is breaking ground in the second quarter on the first of two planned high-rises.
CRANBURY, NJ-Three office facilities, acquired in 1998, were extensively renovated and re-leased to get them ready to sell at the right time, which just happens to be now.