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NEW YORK CITY-The first steel beams were erected less than a year ago and now the last beam of a total of 12,000 tons of structural steel has been signed and raised to the top floor of 745 Seventh Ave.
DUBLIN, CA-Oracle Corp. is beginning negotiations on a 12.1-acre parcel on the eastern edge of town. The Redwood Shores-based company has offered the Alameda County Surplus Authority $45.6 for the site, which once housed a county jail but is now being made into a business park.
NEW YORK CITY-The first issue covers a servicer/investor roundtable discussion, provides an overview of the REIT market and compares CMBS servicing with the servicing of other structured-finance transactions.
RALEIGH, NC-A two million-sf office park and an 800,000-sf retail hub are envisioned at this estimated $1 billion venture, about 150 miles northeast of Downtown Charlotte.
ATLANTA-The provider of a B2B electronic marketplace for commercial property owners picked up $25 million in its September first-round financing effort.
CHICAGO- Rochester, NY-based Home Properties has bought the Blackhawk apartment community in Elgin for $17.5 million in cash and debt. The trust plans on spending $1.6 million over the next three years on the complex.
LIVERMORE, CA- Located along the 580 corridor, construction of the four-building Copper Hill Business Park is expected to break ground in the beginning of next year. As things stand currently, the first three buildings have already been approved by the Planning Commission, with final approval of the last building expected by January.
CORNELIUS, NC-Beacon Partners of Charlotte paid Chartwell, a limited partnership, $5.2 million or $56.83 per sf for the seven-building, 91,500-sf Cornelius Business Center here in north Mecklenburg County, about 20 miles north of Charlotte.
CHICAGO-1031properties.com has signed alliances with PropertyRover, StreamingVoices.com, Ameriquotes.com and Tax Deferred Services. It has also launched two new services, the Multimedia Center and the 1031 Intermediary finder service.