PROVIDENCE, RI-The publicly-held real estate development and management firm based in Columbia, MD, closes on its acquisition of the four-level, 1.3-million-sf super-regional mall from privately held Commonwealth Development Group.
BEAVERTON, OR-The New York-based communications company is relocating to the 217 Corporate Office Building here from a larger space in a nearby building. The vacancy rate in the 217 Corridor is currently about 18% and on a downward trend.
SAN FRANCISCO-In a joint venture with Mercy Housing, AF Evans Development plans to ground lease the six-acre former UC Berkeley Extension campus in San Francisco and develop multifamily housing on the site.
BILOXI, MS-Leddy Ventures Ltd. of San Antonio acquires 10 acres here that includes the 179-room Broadwater Tower Hotel and is now gearing up to convert the hotel to condominiums and, after that, add two additional residential towers to the property.
SEATTLE-The 28,000-sf parcel includes a parking lot and the three-story Camlin Hotel cabana building. The hotel itself was purchased last year by Redmond-based Trendwest Resorts, which is converting it for use as a 100-unit vacation timeshare.
LIVERMORE, CA-The Florham Park, NJ-based developer will begin infrastructure work later this year for an eventual three-million-sf business park worth about $250 million.
REGINA, SK-Elman Investors pays $10 million for an 80,000-sf building here that is leased by the government of Saskatchewan. Company principal Lee Elman tells GlobeSt.com there are another $75M worth of deals in the pipeline.
NASHVILLE, TN-The Mills Corp. of Arlington, VA sells half of the 1.2 million-sf mall to a fund of Kan Am Grund, an affiliate of Mills' long-term German joint venture partner Kan Am Group.
TOKYO-The San Francisco-based industrial REIT is set to break ground here on an eventual 1.7 million-sf, $150-million development next to Narita International. To jump start its operations here, the company also recently paid about $58 million for three existing distribution centers.
SAN JOSE, CA-Launching its foray into California, the Seattle-based Taco Del Mar quick-service restaurant chain inks a master developer agreement with a local businessman for its expansion into the South Bay as it negotiates similar deals for the Sacramento and San Diego markets.