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AURORA, CO-Alberta Development has completed the $33 million purchase of the 301-acre Southland development. When completed, it will include 1.5 million sf of retail space, more than 1,100 residential units and 250,000 sf of office space.
MIAMI-Half of the 78 lofts at Aria have sold in less than a month. Prices range from the low $200,000s to the high $400,000s, with penthouses going for upward of $800,000. The project, which will include 7,500 sf of retail space, is being developed by Urbana Development Group.
ROCKVILLE, MD- The transaction includes two loans for a total of $250 million, and a $300 million revolving credit facility. Proceeds from the transaction will have more than one function.
HAZLETON, PA-Mericle Commercial Real Estate is constructing the manufacturing and distribution facility in Humboldt Industrial Park here for an estimated $10 million. Mericle will own the build to suit and lease it to Simmons.
FOXBOROUGH, MA-The plan involves more than 200 residential units which will include single family, senior housing and assisted living condominiums as well as over 50,000-sf of commercial and retail space.
LONDON-Two consortia of private Irish investors have sold prime properties on the city's Bond Street, raising pounds 18.5 million ($31 million) in the process.
SCOTTSDALE, AZ-AmeriVest Properties acquires its fourth asset in two years in metro Phoenix, taking over the Scottsdale Norte Building for $12.3 million. The 79,223-sf structure has 17 tenants occupying 82% of the class A space.