Regions
Radcliffe Jewelers to Move North Baltimore Store
Following a nearly completed $20 million renovation, The Shops at Kenilworth in Towson, Md., continues to attract new tenants. Radcliffe Jewelers is the latest retailer to join the shopping center owned and managed by Greenberg Gibbons.
Cromwell Center Welcomes 3 New Tenants
St. John Properties negotiated three leases at Cromwell Center in Towson, Md. The Goddard School, Anne Arundel Dermatology and McDonnell Consulting will occupy more than 19,000 square feet of office space.
Flex-N-Gate Adds Office Space Near Detroit
The company signed a five-year lease for 24,165 square feet of office space within the Liberty Place corporate campus in Sterling Heights, Mich.
Transwestern Secures Lease in Boston’s South End
Tom Ashe, Patrick Buckley and Jeff Landers worked on behalf of the owner, Legacy Real Estate Ventures, in the lease negotiations.
Economy Watch: Fed Holds Off on Rate Hike
The Federal Open Market Committee did not increase the cost of borrowing at its latest meeting, citing positive expectations about the labor market, including solid job growth and a declining unemployment rate.
Sealy Acquires 650 KSF Ohio Distribution Facility
The owner, Exel Inc., sold the property to Sealy in a $40 million deal, marking the second time in three months the property changed hands.
CBRE Arranges Largest Philly Office Sale
Equity Commonwealth sold the two-building Centre Square complex in a deal that broke the record for the city’s largest-ever office transaction in terms of square footage.
LBG, Aviva Nab Mammoth CA Shopping Mall
The JV aims to implement an entirely new merchandising strategy for the asset as well as extensive rebranding and redevelopment. The property sits on nearly 77 acres of land and offers views of the San Francisco Bay.
Allianz Secures Naming Rights for MLS Stadium
The owners of the Minnesota United FC soccer team have chosen the global life insurance giant—which has local roots in the state—as the sponsor for the new $200 million arena in St. Paul.
Olive Hill Receives Creative Office Financing in LA
The $41 million loan was arranged by Newmark Realty Capital Inc. The LA-based firm acquired the property for $65.6 million last year with plans of upgrading it.