Forest City Ratner Companies (FCRC) has announced that Los Angeles-based Hyrian, the premier recruitment process outsourcing provider in the country, signed a lease for 15,400 square feet to occupy half of the 20th floor at One MetroTech Center. Hyrian’s move will create over 100 new permanent jobs in Brooklyn.
Gateway Builders and Properties announced that Phase One of their development plans for Parkway at 17 is near completion after less than 24 months since the project was conceived. The retail plaza has reached capacity and there are active construction projects on four of the sold out-lots.
Equastone (www.equastone.com) has announced the sale of 15330 Avenue of Science, a 74,632 square foot office/research and development building located in the Carmel Mountain Ranch area of San Diego, CA, for $11 million. An Equastone affiliate acquired the property in July 1996 for $4.7 million and the investment generated a return of approximately 33% per year to Equastone investors. The buyer was Qualitybuilt.com, a construction risk management company.
Real estate services firm, Pacific Security Capital, announced today that it has placed an $8.7 Million bridge loan for Ernest Mahard, President of Mahard Egg Farms, one of the nation’s largest egg producers.
Torcon, Inc., one of the largest construction management firms in the country, has completed the relocation of its World Headquarters and corporate offices to Red Bank, New Jersey. The firm had been headquartered in Westfield, New Jersey for over 40 years. The move was made to accommodate steady growth the company continues to experience in its core practice areas of corporate, institutional and pharmaceutical construction.