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AUSTIN, TX-Assuming a 120-day environmental review prompts no concerns, the U.S. General Services Administration will acquire a six-story skeleton at Fourth and San Antonio streets that was on its way to being a chip design center when Intel halted construction in 2001.
FITCHBURG, MA-LPL LLC sells the Wallace Plaza Shopping Center to Kent Realty Associates LP for $6.75 million. The 127,460-sf property is located on John Fitch Highway and includes 65,000 sf of retail space.
COLORADO SPRINGS, CO-The Dallas office of Holliday Fenoglio Fowler has arranged a $6 million refinance loan for Copper Chase Apartments. To enhance revenues, plans call for adding covered parking, on-site storage and a community pool to the 105-unit multifamily community.
JACKSONVILLE, FL-A leading provider of construction materials for office, industrial and multifamily projects throughout the Southeast posted net income of $23 million for its third fiscal quarter ended June 30.
CARROLLTON, TX-Ministerios Bethania is awaiting permits to begin the first phase of a $5-million renovation to change a 264,000-sf warehouse, acquired from Ford Motor Co., into a sanctuary, indoor athletic track and school.
FLEMINGTON, NJ-PW Funding provided the money for the 180-unit Hunter Hills complex through Fannie Mae's DUS program. The firm's New York City office originated the loan.
INDIANAPOLIS-The mall REIT's second-quarter net income fell 65% from a year earlier, when the sale of six properties provided significant one-time gains. FFO grew 29% to $196.9 million, in part due to the portfolio of assets acquired from Rodamco North America N.V. in May 2002.
SANTA CLARA, CA-In a lender driven sale, Denver-based Archstone-Smith picks up the 450-unit Estancia Apartments for about $10 million less than the seller originally hoped to get when it hit the market nine months ago.