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THE WOODLANDS, TX-Now that the land's changed hands, Threshold Interests of Houston is looking to rev up the construction crews. The 1.1-acre tract fronts the Woodlands Waterway. Delivery is anticipated in fall 2003.
PHOENIX-The Arizona School of Massage Therapy lines up 16,000 sf for its second Phoenix campus. The new deal goes to Metro Marketplace, a 159,580-sf retail center at the junction of Interstate 17 and Dunlap Avenue.
PHOENIX-The 54-unit Lodge at Winding Creek passes from one Arizona investor to another. A Peoria couple takes the deed for $1.6 million for the 92%-occupied property along West Ocotillo Road.
CASA GRANDE, AZ-The senior living owner pushes ahead on a bankruptcy plan, unloading one of the few non-senior assets in the portfolio. The 140-unit Casa De Topaz goes to Momar Properties of Los Angeles.
HOUSTON-The plan is to renovate and raise rent at the newly acquired 184-unit complex in Houston's far northwest submarket. The 98%-occupied complex is an ideal candidate since rent is now $83 per month below the submarket average.
CHANDLER, AZ-Every deal counts, particularly in an office building that's regenerating its tenant base. The structure's occupancy is 20%, up 4% from when it was bought just a few months ago. The latest deal totals 8,346 sf.
HOUSTON-G. Steven Chandler steps in as vice president of development and the co-manager of the Houston team. He replaces George Weatherall. One of Chandler's goals is to add at least 500,000 sf to the four-million-sf portfolio.
GLENDALE, AZ-The 88-unit complex's ownership changes from a California deed holder to a local one. The upside potential will be realized through some cosmetic changes and hands-on local ownership and management, says the broker.
GLENDALE, AZ-The 88-unit complex's ownership changes from a California deed holder to a local one. The upside potential will be realized through some cosmetic changes and hands-on local ownership and management, says the broker.
PASADENA, TX-The new store goes to a California private buyer seeking a long-term hold with a good investment return. Tenant Kohl's intends to occupy the site for 20 years, a key ingredient that attracted a bevy of bidders.