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SOUTHFIELD, MI-The REIT gets $40 per sf for the community shopping center located in Athens, AL as part of its strategy to dispose of non-core assets. Proceeds will be used in part to pay off variable-rate debt.
NEW YORK CITY-The Battery Park City Authority has filed suit against Brookfield Financial Properties over the development rights to an 89,121-sf tract of land between Vesey and Murray Streets on West Street.
SAN FRANCISCO-If all goes as planned principal Chris Meany and his partner, real estate tycoon William Wilson, will start a total renovation to transform the 80-year-old building into a new office-retail complex.
HOUSTON-Dirt's flying on the 767-acre Fall Creek, a new housing community boasting a 140-acre retail component. The project manager says major grocers already have come knocking at his door about the acreage, which includes more than two mile of Beltway 8 frontage.
DALLAS-Enviro-Kleen and Pinkerton Systems have signed long-term pacts for expanded space in the region. One company has just moved into its new location and the other is eyeing an April 1 relocation.
ROCKAWAY TWP., NJ-Facilities totaling 77,000 sf will be available for lease, but Congress has to approve any use. Repositioning of the four government-owned buildings raises questions about the rest of the 6,500-acre complex.
MCLEAN, VA-The mortgage company closed $138,544,000 in multi-family loans on projects ranging from garden to high-rise apartment complexes, from New York to Seattle. The company used a variety of Freddie Mac and Fannie Mae programs.
STAMFORD, CT-Xerox Corp. reports it has agreed to sell half of its stake in Fuji Xerox Co. Ltd. to Fuji Photo Film Co. Ltd. in a deal valued at more than $1.3 billion in cash.
SAN FRANCISCO-Locally based DFS operates about 150 duty free shops catering to international travelers mainly in airports throughout Asia, the Pacific Rim and North America, but also has about a dozen Galleria operations in downtown or resort locations.