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YONKERS-HudsonView Associates has purchased the former Otis Elevator building in Yonkers in a deal valued at $7.5 million. In addition, the firm has already secured 52,500 sf in lease deals at the property, GlobeSt.com has learned.
PHOENIX-Demand for medical office space in the growing suburb of Glendale has prompted a local developer to begin construction on the second phase of a medical project.
LOS ANGELES-Sniffing an opportunity, owner figures project at site of historic airfield will attract lots of customers. The $45-million project will be the largest chemical distribution facility in the nation.
HEATHROW, FL-Stirling International Realty of suburban Heathrow, FL, 20 miles north of Downtown, has signed a 10-year, 3,400-sf lease at Plaza Venezia, a planned 270,000-sf mixed-use development in the affluent Dr. Phillips Boulevard area.
LOS ANGELES-California Gov. Gray Davis has outlined a broad plan to end the state's energy woes. His plan would give the state authority to buy or build power plants and even seize privately owned facilities if the shortage gets much worse.
JERSEY CITY-The discount broker bumps its space commitment to 575,000 sf, taking all of Mack-Cali's under-construction Harborside 10 property. Its new lease is for 15 years. This will be its regional headquarters.
WHITE PLAINS-Newmark & Co. Real Estate has been named exclusive leasing and managing agent for 81 Main St. by Massachusetts Mutual Life Insurance Co.
CHARLOTTE-For the past 10 years, Gateway Center's office workers have relied on a shuttle bus to get from the center to the center city. Now the bank and co-developer Cousins Properties of Atlanta are incorporating the projects in a pedestrian-friendly, 25-acre community.
MINNEAPOLIS-The Chicago-based partnership, which recently sold an option to buy an undeveloped subdivision in Rosemount, MN, sells the Kilbourn Depot Downtown as well as four acres next to the Wisconsin State Fairgrounds.
CHICAGO-A downtown commercial mortgage lender arranges debt and equity financing for the purchase of the Lenoir Marketplace shopping center in Lenoir, NC. The one-year-old center is fully occupied.