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DALLAS-David Pemberton and his Centcom partners stake their first claim with six centers in four secondary cities. The deal closes with a $21.1-million first mortgage, $2.5 million in mezzanine financing and a mixed bag of investors kicking in the equity.
PORTLAND-Senate Bill 5 would contribute a projected $150 million of an estimated $300 million to $350 million stadium cost. It also would give supporters the backing they need to submit a provisional formal bid to Major League Baseball for the Montreal Expos.
MIAMI-Dependable Warehousing and Distribution Services Inc. bought the building here from Preferred Freezer Services Inc.'s parent company, Florida Freezers Group Inc., for nearly $4.1 million. Dependable Warehousing has come a long way since a tornado destroyed its building earlier this year.
ATLANTA-Five new commercial projects valued at more than $200 million are planned for the metro area over the next 18 months. Two condo residential towers, two apartment complexes and an office condo undertaking comprise the surge in construction activity.
QUINCY, MA-In its first step in its long term South Shore real estate plan, Blue Cross Blue Shield of Massachusetts buys the seven-story Solomon Willard building from State Street Corp. for $39.3 million.
JACKSONVILLE, FL-The Miami-based multifamily developer says construction will start in 60 days on The Strand at St. Johns, a 30-story, 295-unit riverfront apartment community with an estimated 100,000 sf of office and about 12,000 sf of retail at its St. Johns Center development.
LAS VEGAS-The Phoenix based real estate company Desert Troon acquires the 475,000-sf Best in the West Power Center in Northwest Las Vegas from Best West LP, a part of The Molasky Group of Companies.
STANFORD, CA-Developed by Stanford University, the 1.3-million-sf shopping center is anchored by five major department stores -- Neiman Marcus, Nordstrom, Bloomingdale's, Macy's, and Macy's Men's Store -- helping generate average sales per sf of $600 in 2002.