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BETHESDA, MD-Three Bethesda Metro Center brings the big bucks in the form of a $175 million refinancing package, courtesy of GMAC Commercial Mortgage Corp. The combination mixed-use property consists of a 365,000-sf office component and a 390-room luxury hotel.
LOUISVILLE, CO-The entity that functions as the research arm of the cable TV industry has leased an empty building in the northwest corridor of metro Denver.
DALLAS-David Claassen, a Dallas veteran in retail circles, spins two "for lease" sites into acquisitions with an "above-market" offer for 36,200 sf in two chic close-in locations that had others interested until they heard whose checkbook was out.
CHESAPEAKE, VA-The 90,000-sf Arc Ice Sports center gets a new name--Chilled Ponds Ice Sports Complex--and a new celebrity owner as former NHL player Patrick Cavanagh takes over the property in a $9 million deal.
ONTARIO, CA-Vacancy increases slightly in upper-end apartments, but it remains near historic lows as population growth and limited construction boost demand. The monthly rent averages $845, up 6.3% from a year ago.
DETROIT-Friedman says more lawyer space is needed downtown, and the company hopes to fill the First National building, which it manages, from its current level of about 70% occupied
GLENDALE, AZ-A Phoenix investment group bests nine others in the race for the Country Gables apartments, a class B complex with a historical high occupancy due to a positioning across the street from a school.
CHICAGO-The window is open for another 18 months for office tenants looking to capitalize on the soft market, according to Transwestern Commercial Services' appraisal and consulting affiliate Delta Associates.