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WOODBRIDGE, NJ-It was nine years in the making, but a 1,400-job sorting and distribution facility is a reality after several rounds of negotiations and even a brownfield cleanup.
NEW YORK CITY-Building owner Charles Moss and Insignia/ESG brokers were his only contacts, says the retailer's real estate veep. He also says the site is designed to knock FAO Schwartz down a peg.
ATLANTA-In a move to protect streams, DeKalb County officials approved a law that triples the distance of undisturbed land between new construction and a stream.
HOUSTON-Champps is poised to expand in Houston, getting ready for a groundbreaking on its second eatery. The 10,000-sf project will be built on 1.5 acres in the Willowbrook Shopping Center in the city's northwest sector.
WALNUT CREEK, CA-BOMA will act as a portal, directing its 17,000 members to the services of manageStar, which connects commercial property owners and managers with vendors in a web-based marketplace.
IRVINE, CA-The Colony, a 245-unit apartment community owned by The Irvine Company and designed by McLarand Vasquez Emsiek & Partners received an Award for Excellence from the Urban Land Institute.
MIAMI BEACH, FL-Legendary corporate raider Victor Posner, now in his eighties, plans to develop a mixed-use project on the land near Lakeland, FL, 190 miles north of Downtown Miami, industry sources tell GlobeSt.com.
BALTIMORE, MD-The Municipal Mortgage and Equity board is declaring fourth quarter dividends of 42.25 cents per common share, payable Feb. 9. The annualized yield is 7.2%. Preferred shares dividends range from $6.25 to $13.
SOUTHFIELD, MI-The automotive design and engineering firm will take an additional 14,000, giving them 100,000 sf in a $14-million lease deal that now runs through 2007 in a building owned by Urstadt Biddle Properties Inc.
PALO ALTO, CA-GlobalStake.com is an online commercial real estate lending service focused on business-to-business lending, with an emphasis on debt and equity services. Loans types include permanent financing, bridge or short-term loans, construction financing, and mezzanine or second financing.