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LYON TOWNSHIP, MI-Two Lyon Township properties are used as collateral to secure a $1.4-million fixed-rate loan for the company. The loan is placed through First Federal of Michigan by the Farmington Hills, MI-based company.
NEW YORK CITY-Insiders said it wasn't supposed to play out this way, but GlobeSt.com has learned from sources close to the deal that Vornado will enter into 20-day negotiation period with Port Authority board for 99-year leasehold.
TROY, MI-The engineering firm transfers its corporate headquarters from Dayton, OH to a site at 560 Kirts Blvd. A renovated building houses corporate headquarters functions.
OAK PARK, IL-Plans for an 87-unit residential development with 6,000 sf of retail space and 522-car garage is held up by a dispute between the developers and a hot dog stand owner. Village officials threaten to use eminent domain powers.
HAYWARD, CA-Cal State Hayward has forged a public-private partnership with New York-based Geographic Network Affiliates International Inc., for development of the facility on six acres of undeveloped campus land.
NEW YORK CITY-The 132,000-sf store is one of the anchors of the Galleria Mall in York, PA. Both properties were acquired for approximately $12 million.
DALLAS-It's the talk of the town as word gets around about Cushman & Wakefield losing its respected point man. J. Reagan Dixon just happens to be the third key player in 10 months that William Cawley's snatched from his competitors. A four-star team's in place. Now, it's time to grab for the brass ring, he says.
BURNSVILLE, MN-Minneapolis Clinic of Neurology has signed 11,000 sf lease in a 52,000-sf office building being built here by Kellison Co. An attraction is the building's proximity to Fairview Ridges Hospital.
ORLANDO-The 4,000-acre Orlando Central Park bought the dirt to make sure Lockheed had future access to the fast-developing Sand Lake Road and Universal Boulevard axis in south Orlando, broker J. Gary Castle tells GlobeSt.com. OCP paid Overstreet Investment Co. $5 million or $726,744 per acre for the land.