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HOUSTON-The buyer claims 794 units at Kings Crossing and Kingwood Lakes, both more than 96% leased at sale time. Seller Berkshire Realty of Boston says the disposition was just part of its normal exit strategy.
HOUSTON-Office, industrial and retail projects collateralize the 10-year loans through the Portland, OR lender. Harwin Partners gets the largest amount, $1.4 million, for a 44,671-sf state office building.
HOUSTON-BGK Equities of Santa Fe wins the deed to the Northeast Houston complex, a 97%-leased asset assessed at $13.7 million. Chicago-based TVO Southwest Partners and TVO Woodforest Partners are the sellers.
THE WOODLANDS, TX-Tricon Global Restaurants acquires 1.3 acres for a dual-brand facility at the intersection of Six Pines and Lake Woodlands drives. The plan is to build a 3,200-sf structure.
THE WOODLANDS, TX-Tricon Global Restaurants acquires 1.3 acres for a dual-brand facility at the intersection of Six Pines and Lake Woodlands drives. The plan is to build a 3,200-sf structure.
HOUSTON-The grocer's brokers did some talking to get 8.4 acres in the north submarket. The land, assessed at $541,999, was never on the market. Now that the deal is closed, H-E-B is looking ahead to a midyear 2003 opening.
HOUSTON-The Thicket in the northwest submarket attracts 12 to 15 bidders, activity pushed by the upside potential. Of course, it comes with a renovation price tag. Brays Village Associates takes the deed from Denver's AIMCO.
HOUSTON-The Memphis retailer will open the store in first quarter 2003. The 41,938-sf tract is part of six acres being sold to build supplemental retail for the under-construction 116,251-sf Antoine Town Center.
HOUSTON-An oil and gas exploration firm stays put in 21,395 sf at 7700 San Felipe while an architect re-ups for 11,222 at 2323 S. Shepherd. Both leases keep the buildings more than 92% filled.
HOUSTON-Corus Bank swaps construction and mezzanine financing with a permanent mortgage on a "for sale" condo project that's only half sold in the Galleria submarket. The project's strength validates the loan amount, says a Corus VP.