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HOUSTON-TVO Realty has sold its eighth Houston multifamily property, the 400-unit Stancliff Park. The owner has another Houston area property currently under contract and one still remaining in its portfolio.
LONDON-Halladale Group has sold the long leasehold interest in the Main Street Shopping Centre in Barrhead, Scotland for pounds 5.5 million ($9 million). The price reflects an initial yield of 7.75%.
BOSTON-The economy demonstrates early signs of recovery but the city's real estate market will continue to face challenges, according to the third quarter market report released by Meredith & Grew.
MARTINSVILLE, VA-Clearview Business Park's first building gets its first tenant with MZM Inc.'s planned purchase of the 50,000-sf shell structure. The firm will spend $4.4 million to open a new database operation in the facility.
EUSTIS, FL-Demolition of the old Florida Hospital Waterman is slated for today and in its place will rise a 20-unit condominium and 20-store retail complex. Revenue from the leases will help fund the new hospital's $25-million-a-year indigent care caseload and to establish the Lake Eustis Institute.
VERNON, NJ-The 100-unit Appalachian is the first phase of what will be a 1,000-home ski resort community. A major land swap with the state paved the way for the project.
NASHVILLE, TN-The $31-million sale for 1.2 million sf of distribution space gives the world's largest industrial REIT 5.3 million sf within the Nashville metropolitan area.
ANAHEIM, CA-The 385,000-sf office campus, a project of Trammell Crow Co.'s Southern California Development and Investment Group, is fully leased four months after completion of construction.