$170 million buys NYC apartments

Archstone-Smith Operating Trust recently paid $170 million for a luxury apartment building on Manhattan's Upper East Side.

A limited liability company, 303 East 83rd LLC, sold The Camargue, which comprises 268,750 square feet and 261 units located on the northeast corner of Second Avenue and 83rd Street.  more...

Motorola signs Northeast lease extension

Cellular phone maker Motorola Inc. recently decided to extend its lease in South Plainfield, N.J., and has signed a five-year, 145,000-square-foot extension for an undisclosed price.

Motorola will occupy the entire third floor and the majority of the first floor at 1111 Durham Ave., a 245,000-square-foot, three-story office building encompassing 34.5 acres and owned by Wells REIT.  more...

First Industrial's latest San Diego purchase

First Industrial Realty Trust has acquired a 424,766-square-foot warehouse and distribution facility in San Diego's Kearny Mesa submarket for $77 million.

A fund advised by DRA Advisors LLC sold the property at 4000 Ruffin Road, which is situated on 19 acres. Built in two phases in 1979 and 1980, it is one of the largest industrial buildings in the Kearny Mesa area, according to a press statement.

At the time of sale, the property was 100 percent occupied and is home to Sharp Healthcare, Cal-State Auto Parts and Alexander's Mobility Services.