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IRVINE, CA—The turbulent markets abroad might seem far removed for a retail investor, but looks can be deceiving, says Rick Chichester. The Faris Lee Investments president and CEO gives us his take in this EXCLUSIVE interview for the ICSC Western Division conference.
PHILADELPHIA, PA—The Design Center, Philadelphia's premier resource for the interior design trade, will lease 48,000 square feet at 34 South 11th Street, a class A, modern office warehouse building within the 4.3-acre East Market development.
WESTWOOD, MA—Human resources analytical and consulting firm PI Worldwide is relocating and expanding its corporate headquarters with a move later this year from Wellesley Hills to more than 21,000 square feet of space at 101 Station Drive here.
PHILADELPHIA—Equus Capital Partners has acquired Hill House Apartments, a 188 unit high-rise multi-family community in the Chestnut Hill neighborhood of Philadelphia, for $42 million. Equus says it will invest $5 million in upgrades to the property.
WEST COVINA, CA—Lennar Multifamily completes construction and launches leasing efforts of the Colony at the Lakes, a 450-unit apartment development—the first to hit the market in decades.
AVENEL, NJ—If you're smelling garlic and Mediterranean aromas around Avenel, NJ, it's probably Fine Italian Foods Inc., which has leased 17,360 square feet at 42 Mileed Way, a 32,000-square-foot industrial property.
LOS ANGELES—After renovating and stabilizing the historic downtown office building, the investor sells the property to a joint venture between Ivanhoé Cambridge and Callahan Capital Properties.
SANTA MONICA, CA—CBM Group details the challenges to managing a high-profile retail property after becoming the new property manager for the Converse store on the Third Street Promenade.