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HOUSTON-Sources say a private local investor has won the 1.3-million-sf CBD prize although the deal-makers aren't talking. Not only is bankruptcy approval needed, but the county is chasing $4 million in unpaid taxes for another Enron office property.
PLANO, TX-The health-care giant buys four facilities in Arkansas from Tenet and one each in Alaska and Oklahoma from local groups. Tenet gets $134 million in cash and relieved of $8 million in debt. The other deals open doors for larger, newer facilities.
MIAMI-The as-yet-unnamed project will consist of 81 condominium units in five currently vacant buildings. The project, which is the third for Prodigy International Development Sales, has a sellout value of about $40 million.
MIAMI-The as-yet-unnamed project will consist of 81 condominium units in five currently vacant buildings. The project, which is the third for Prodigy International Development Sales, has a sellout value of about $40 million.
SCOTTSDALE, AZ-A fully occupied, 12,172-sf building in the downtown sells after 15 months on the market. Black Canyon Phoenix LLC gets a solid tenant, prime location and ample parking space in an area where parking is a premium.
BOUND BROOK, NJ-The Somerset County Cultural Arts Center project figures to provide a boost for a downtown still struggling to recover from 1999's Hurricane Floyd.
MESA, AZ-For more than a year, the 113-unit Southbank Apartments fell in and out of escrow, plagued by high vacancies and low rent collections that put lenders on edge. A new management company lifts occupancy to 80% to carry the deal to the closing table.
CONSHOHOCKEN, PA-Tenants are offered space in 101 W. Elm St. here for $26 per sf, a bargain, as owners strive to reverse an overall vacancy rate of about 25% that reaches higher in class A properties.
NEW BRUNSWICK, NJ-Skyline Tower, done as a joint venture with the city, combines 11 floors of apartments with three floors of offices in the former county administration building.
DALLAS-The fund-raising committee hopes to raise $100,000 at Karen's Deal, which has collected $230,000 in the last two years for the Common Cares Cancer Foundation, a benefactor selected by Karen McCulley, an EVP who died in April.