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BALTIMORE-Prime Retail, based here, hopes to raise $150 million net proceeds in several transactions and a financing arrangement. The company is looking to an affiliate of Fortress Investment Fund LLC for stabilization.
NEW ROCHELLE, NY-Cappelli Enterprises, owner of the New Roc City Family Entertainment Center in Downtown New Rochelle, reports four new lease deals totaling approximately 52,000 sf of space.
MONTCLAIR, NJ-The upscale health club chain reaches the 20-facility mark in the Garden State after a 20,000-sf site is leased in a Garrick-Aug arranged transaction. The chain is implementing a long-range expansion plan.
CORAL SPRINGS, FL-Ralph Engelstad, a former University of North Dakota hockey star who became a prominent Las Vegas property owner, has sold his 271,815-sf Florida Sunrise Tower here to Preferred Coral Springs 1 for $57.36 per sf. Coral Springs is 40 miles north of Downtown Miami.
EDINA, MN-The ommercial real estate veteran will head up expansion and disposition of food company's grocery stores. The firm has 122 outlets in the Upper Midwest and Southeast.
ASHLAND, OR-Despite two people's effort to stop the project, OSF officials are holding a groundbreaking ceremony today for the four-story, 33,000-sf theater building designed by Thomas Hacker & Assoc. of Portland and funded in large part by Shakespeare-loving, high-tech billionaires.
CONCORD, CA-A new upscale interior design store by Home Depot is opening here and in Palo Alto this week, while REI and Border Books expand their presence with new area locations.
SAN DIEGO-The inancially ailing REIT took both legal and financial hits during a disastrous third quarter. After a running battle with dissident investors over the value of the firm, the board decided to liquidate the company.
EAST RUTHERFORD, NJ-For the first time in more than eight years, this submarket offers an opportunity for a tenant needing a full floor of class A space this size.