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THE WOODLANDS, TX-The grocer acquires 19245 David Memorial Dr. for its southwest marketing division from Dallas-based Today Realty Advisors, which carves the shell-form structure from a 14.5-acre tract.
FORT WORTH-The domino effect from holding onto a pair of corporate brand names has taken root in a city that's been "quietly building a foundation" while comparable metros struggles to survive. And, its pipeline looks even better for 2004.
INDIANAPOLIS-Locally based Windrose Medical Properties Trust agrees to pay $69.6 million for five specialty medical properties in five different cities around the country.
BEVERLY HILLS, CA-A local real estate investment group acquires the 87,596-sf Bank of America Building from Douglas Emmett & Co. for $21.9 million.
BRISBANE, CA-The 210,000-sf office building, which Hitachi USA recently sold to a Southern California-based investment group for about $23 million, is about 55% leased.
RIVERSIDE, CA-Chicago-based Litchfield Advisors unveils the "suburban downtown" design for the 500,000-sf Riverside Plaza, created by Architects Orange from Orange, CA. The 35-acre plaza will be anchored by a 16-screen movie theater complex.
PORTLAND-Overall vacancy is expected to end 2003 at 17.8%, up more than 1% from the year-end 2002, but is forecast to fall back to 17% by the end of 2004 thanks to greater absorption and fewer construction completions.
PHOENIX-An assumable mortgage "scared off" at least 10 prospective buyers of a 71-unit complex, leaving it on the market for almost a year. But then a pair of out-of-state investors saw long-term value and came up with a full-price offer.
HOUSTON-The distributor exercises a purchase option at a leased site, 6666 Mykawa Rd., that it took over in August after the asset came to market--for lease or sale--when its lone tenant moved out. The asking price was $4.5 million.