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DALLAS-The owner of the first nine floors gets the rest of the 52-story landmark and a new lease all in one day. The one-time Dallas beauty queen has fallen on such hard times that the acquired portion, 660,000 sf, is 75% empty.
ALISO VIEJO, CA-Home builder Lennar Corp. signs a seven-and-a-half year, $27-million deal for 137,352 sf at Summit Office Campus, one of the largest office leases this year in Orange County.
SUGAR LAND, TX-Tramontina USA adds 52,500 sf to a 66,000-sf warehouse lease in Argus Realty's three-building development in the 1,000-acre park. The medium-term signing takes the firm's park presence to about 500,000 sf, including the US headquarters.
SUNNY ISLES BEACH, FL-Wavestone Properties of New Jersey is developing Sole on the Ocean, with 147 resort-residences and a $72-million sellout value. Prodigy International Development Sales, a new company, is beginning to sell the project.
HOUSTON-A class B package in the Houston Galleria submarket passes to Unilev Capital as part of the seller's normal portfolio pruning. Industry sources say the final price fell between $80 per sf to $90 per sf.
SAN FRANCISCO-The mixed-use residential property consists of the 27 units, 10,900 sf of ground floor retail and a 16,500-sf parking garage. The combined property was sold for an average $314,815 per door or upward of $245 per sf.
BETHESDA, MD-LaSalle Hotel Properties gets its hands on a new $215-million senior unsecured bank facility that replaces a pre-existing facility due to mature at the end of the year.
SYDNEY-The Cleveland-based mall REIT and the locally based investment bank close on the formation of Macquarie DDR Trust, which will list this week on the Australian Stock Exchange.
DENVER-The company, which owns and operates a geographically diversified portfolio of apartment communities through 19 regional operating centers, has declared a dividend on two classes of preferred stock.
CHICAGO-The inventory of new unsold condominiums and townhomes has dropped from its peak in early 2002, but trends favor developments that are ready for delivery rather than on the drawing board.