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FORT WORTH-The first-time Texas buyer will sink an immediate $400,000 into repairs to bring the 164-unit La Primavera Apartments, formerly Spring Chase, up to code after paying full list for the 92%-leased complex along Berry Street.
DULUTH, MN-The new 110,000 sf Science building, built by MA Mortenson of Minneapolis, is part of a campus building boom that has seen three other buildings, a major addition and a significant renovation in the last three years.
NEW YORK CITY-Keeping on track with plans to focus its business on class A office properties, Reckson makes a multi-million dollar purchase in Manhattan.
ROCKVILLE, MD-A financing package totaling nearly $40 million falls in the lap of the JBG Cos. for the development of the 230,000-sf Market Square at Shady Grove office property.
CHANDLER, AZ- An all-cash buyer looking for a low maintenance investment bests three other bidders by paying full price for a newly built LA Fitness Center located in Chandler.
CARROLLTON, GA-Brokered by the Washington, DC-based Trust for Public Land, Carrollton County and the City of Carrollton paid a total $174,500, or an average $4,532 per acre, for 38.5 acres about 40 miles southwest of Downtown Atlanta.
LONDON-The Pollen Estate has parted with close to $15 million to buy in Benchmark's leasehold interest in a 21,000-sf office building at 18/19 Savile Row in London's Mayfair.
SPRING LAKE VILLAGE, MI-The long-standing redevelopment of six industrial and retail buildings on the village's west end has been stalled by grant shortages. For at least three years, the village has been attempting to redevelop its west end, which has become deteriorated.