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ORANGE, CA-Buchanan Urban Investors and Rawson, Blum & Leon have snapped up the regional shopping center. The pair plan to renovate the complex, which was 89% leased at the time of sale.
CHICAGO-The owner of the 11-story building at 664 N. Michigan Ave. already is talking with city officials about fixing a deteriorating fagade on the upper floors of 664 N. Michigan Ave.
WASHINGTON, DC-Members of the multifamily housing industry petition Congress for what they say are much-needed changes to the Section 8 Housing Choice Voucher Program.
DENVER-NorthMarq Capital originates loans for a 150,873-sf office building is at 11080 Circle Point Road in Westminster and 89,739-sf warehouse at 4520 Florence St. in the Stapleton Business Park.
SHAKOPEE, MN-RSP Architects designs the childcare center at 1308 Greenwood Ct., and REDI Construction is the general contractor for the facility, the Portland-based firm's 39th in Minnesota, that can handle 179 children.
SAN FRANCISCO-The vacancy rate of small spaces in San Francisco has dropped 1.5% since February. Real estate expert Hans Hansson sees this as a potential window of opportunity for landlords to divide larger spaces in the future.
NEW YORK CITY-Newly formed Normandy Real Estate Partners snags its first Manhattan office asset in the low to mid-$400s per sf. The buyer says 1370 was being pursued by those squeezed out of the 450 Park Ave. buy. Normandy bought the asset in partnership with Scott Landis.
SHOREVIEW, MN-Shoreview Village Mall's owner hires Minneapolis artist Aldo Moroni to paint murals at the 20-year-old retail center and anchors it with a health food store, gift shop and pharmacy.
ORLANDO-The 400 members of Teamsters Local 385 are pinning their hopes on a federal mediator to determine if a new three-year contract that doesn't guarantee a 40-hour work week is legal. The workers say they will strike without a contract.