Government Agency Relocating D.C. Offices, Taking Less Space
April 25, 2024
400,000-SF Industrial Project Planned for Silver Spring, Md.
April 25, 2024
Southeast
Foreclosure Suit Filed Against Owners of South Fla. Mixed-Use Project
South Florida Business JournalWachovia Bank has filed a foreclosure suit against the owners of the Cypress Key mixed-use project in Royal Palm Beach, Fla. The suit was filed last week against Cypress Key Commercial Development Co. and Cypress Key Residential...
Durham, N.C., Industrial Building Sold for $22.6Mln
Triangle Business JournalEMC Corp. has paid $22.6 million for the Essex Center industrial building in Durham, N.C. Crown Realty & Development of Irvine, Calif., sold the 450,000-square-foot warehouse at 4121 Surles Court in the Imperial Center business park. The Massachusetts-based...
$60Mln Retail Outlet Center Planned for Mebane, N.C.
The Business Journal of the Greater Triad AreaTanger Factory Outlet Centers Inc. is planning to develop a $60 million retail property in Mebane, N.C. Construction on the 317,000-square-foot, high-end outlet center, on 52 acres along interstates 85 and 40 near...
Walgreen to Sublease Orlando, Fla., Industrial Space
Orlando Business JournalWalgreen Inc. plans to sublease 500,000 square feet of industrial space in Orlando, Fla. The Deerfield, Ill., pharmaceutical retail chain two years ago had leased the space for 10 years. But it has changed its mind. It has...
Developers Showing Interest in Developing Office Tower in Atlanta
Atlanta Journal ChronicleCousins Properties Inc. is among a number of developers that are proposing to build an office tower in midtown Atlanta that would serve as the headquarters of Alston & Bird. The law firm is accepting proposals from developers...
South Fla. Business Park Faces Foreclosure
South Florida Business JournalWells Fargo Bank has filed a foreclosure suit against the owners of the Plantation Technology Park in Broward County, Fla. The suit was filed against Abakon Plantation LLC, which borrowed $5.4 million to buy the two-building complex...
BofA Files Foreclosure Suit Against Owners of Sarasota, Fla., Condo Complex
Bradenton HeraldBank of America has filed a foreclosure suit against the Serenata Sarasota condominium complex in Manatee County, Fla. The suit seeks to foreclose on 64 units owned by a joint venture of Centrum Properties and MCZ Development Corp., both...
Foreclosure Suit Filed against Tampa, Fla., Apartment Owner
Tampa Bay Business JournalBranch Banking & Trust Co. has filed a foreclosure suit against the owner of the 180-unit Brentwood Apartments in Tampa, Fla. The Winston-Salem, N.C., subsidiary of BB&T Corp. filed its claim against an affiliate of Barfield Bay...
240,000-SF Office Lease Renewed in Memphis, Tenn.
Memphis Business JournalAccredo Health Group Inc. has renewed a 10-year lease on 240,000 square feet of office space in Memphis, Tenn. The subsidiary of Medco Health Solutions Inc. is occupying all five buildings in the Century Center office park. Terms...
Shore Club’s Owner Keeping Property Open
Wall Street JournalThe owner of Miami's Shore Club hotel has evidently withdrawn their threat to shutter the 322-room property and has tapped a reserve to fund payroll and other expenses needed to keep the property running. A $111.7 million loan...
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