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LOGAN TWP., NJ-Industrial properties have become hot in a tight marketplace, especially in the warehousing/distribution sector. This buy brings the Lend Lease portfolio value to $41 billion.
YONKERS-The Yonkers Industrial Development Agency could close as early as next week on acquisition of the 250,000-sf building currently occupied by a former division of Lockheed Martin Corp.
CHARLOTTE-The planned $450-million optical fiber plant expansion in Concord, NC, 20 miles northeast of Downtown Charlotte, will make the 149-year-old Corning, NY-based company the world's largest manufacturer of fiber optics, the firm says.
CHERRY HILL, NJ-Historic Garden State Park will be reborn as an upscale mixture of residences, retailing and office facilities after the track is shut down next year.
BLOOMFIELD HILLS, MI - Upmarket retailer Nordstrom will move into the Mall at Wellington Green in Palm Beach County, FL, after inking a deal with Michigan-based Taubman.
KENT, WA-The two airlines will take a total of about 77,000-sf in the 763,000-sf office building at 20415 72nd Ave. The Washington State Department of Health and Odom Corp. also have taken space in the project.
VANCOUVER, WA-The would-be development site is west of Franklin Street and north of 13th Street. The current city hall and police administration building were built in 1966 to support a population 25% of what it is today.
HOUSTON-Camden Property Trust is issuing a marginal return to its shareholders for the fourth quarter. The same dividend - less than a $0.6 - is going to holders of its Series A cumulative convertible preferred shares.