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CHANDLER, AZ-Global Bridge Partners of Irvine, CA, uses a tried-and-true strategy, spending $3.4 million on the 10-building holding only to bring it back to the market for immediate resale to individual investors or users.
SAN DIEGO-Locally based H & F White Family LP picks up the apartment asset from MH Financial, also of San Diego, for $2.4 million. Known as French Quarters, the property is located on 30th Street in San Diego.
HOUSTON-A partnership of principals from NAI Partners Commercial spend far less than the $620,000 asking price, using 1031 Exchange capital to close the deal with Kellogg, Brown & Root. Now, the Hirsch Road property will be remodeled and leased.
DALLAS-The stack of seven totals 66,744 sf for buildings in the Great Southwest and Brookhollow industrial districts. The Park Oaks Distribution Center makes a triple run for 35,274 sf in the 122,500-sf, two-building development.
DENVER-Combined, the properties total 983 units and collectively, the asking price is $48.97 million. Properties include the 342-unit Highland Terrace and the 322-unit Summit at Thornton.
WARREN, MI-Warren Mayor Mark Steenbergh says critics are off base as Warren's Downtown development plan begins to move forward. Political candidates and local activists call the project a "costly and wasteful plan.
DENVER-Tom Novosel, SVP and chief accounting officer of the company, has resigned to move to Chicago to be closer to his children and return to public accounting. AMICO is actively engaged in a search to fill his position.
DALLAS-The region gets a show of promise from an industrial market posting a quarterly gain for the first time in a year despite a year-to-date absorption that's still in the red. As for office, the best that can be said is it's "losing less blood today ... than before.
COLONIAL HEIGHTS, VA-Neighborhood retail spot Colonial Square Shopping Center makes room for a new retailer with Brecher Corp.'s commitment to 9,500 sf of space to house furnishings store Unfinished Furniture.