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PHOENIX-The Southwest Valley is today's hotspot, with one out of every four housing starts responsible for construction starts on four power centers and a regional mall. In the Southeast Valley, two power centers and a regional mall are planned.
HARTFORD, CT-In what was billed as the largest office building sale Downtown in the past 15 years, Harbor Group International has purchased State House Square, a 844,813-sf office complex here for $66 million.
HOUSTON-The owner of the 117-unit Madison Apartments pays off an Oakland, CA lender with Fannie Mae financing. Another $1.7 million will be borrowed within six months, part of which will go to upgrades for fire and safety code compliance.
EVERETT, WA-Fibres International leases about 50,000 sf in the 458,000-sf warehouse where The Boeing Co. used to assemble, store and distribute interior panels for its commercial airplanes. Located in the Bomarc Business Park, the building is now 33% leased.
NEW YORK CITY-Telecommunications entrepreneur Daren W. Hornig completes buy-out of Manhattan-based Dwelling Quest, a residential brokerage firm. Industry sources say the price tag was just under $10 million.
LONDON-Business Park developer Arlington Securities has agreed the final lettings at the Lansdowne Court office development at Gloucester Business Park and announced a new speculative phase at the park.
DALLAS-Developer Shafer Property Co. reworks financing placed in December 2002 to expand its retail holdings along Knox Street, where additional infill land was acquired a month ago. Demolition begins next week to make way for another 32,500 sf.
TEMPE, AZ-The airlines operated out of Phoenix, but the jet engine repair facility was in New Mexico. Now the two have come together with Mesa Airlines' lease of 12,000 sf in the Sky Harbor submarket. The move meant the closing the Farmington, NM plant.