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LOS ANGELES-Oasis Christian Center signs a sublease for 5,351 sf at the Wilshire Courtyard building that formerly was occupied by Initiative Media Worldwide Inc.
STAMFORD, CT-New York City real estate firm George V. Comfort & Sons has entered the Connecticut office market in a big way with the $85.6 million purchase of the High Ridge Park complex here.
CHANDLER, AZ-A Seattle buyer who owns 3,000 units in the Valley adds another 346 units with the Alexan at Pecos Springs, bought for $28.7 million. The class A apartment complex was the new owner's first property in the southeast Valley.
BOSTON-Aspen Specialty Insurance, a multi-national insurer specializing in secondary market insurance, leases 15,050 sf on the 32nd floor at 99 High St. The firm will use the space for its US headquarters.
GREENWOOD VILLAGE, CO-The company bought 7800 E. Orchard Rd., which Qwest vacated, for $6.9 million. The former single-tenant building is being remodeled into a class A property with a new landscape design and an outdoor sculpture garden.
ONTARIO-The real estate investment arm of the Fortis Inc., a St. John's, Newfoundland-based generator and distributor of electricity, acquires four Ontario hotels from Irving, TX-based FelCor Lodging Trust Inc.
HOUSTON-Real estate sources say the Dallas buyer has put up in the low $80 per sf range for the class A office building at 10370 Richmond Ave. Alder Property Association is the seller of the 83%-occupied building.
WEST PALM BEACH, FL-Whiting-Turner Contracting Co., a 94-year-old firm, is building 610 Clematis, a $55 million luxury project here that is scheduled to be delivered by December 2004. BAP Development Inc. is the developer.
LONDON-Overton Developments and Helical Retail have paid pounds 20 million ($33 million) for 56-76 Commercial Road, Bournemouth. They are preparing plans to redevelop the site with 50,000 sf of prime retail space.