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AUSTIN, TX-The space is located in a development called Braker Center, which is owned by UBS Realty Investors LLC. The annual lease rate on the 10-year deal is below $10 per sf, according to the Texas Building and Procurement Commission.
PHOENIX-A California couple shells out just $600,000 shy of the asking price for the Links, a 207-unit complex fronting a golf course. The higher per unit price than comparable product didn't faze the 10 investors chasing the deal.
GRAND PRAIRIE, TX-USA Pallet is getting comfortable in its Texas distribution center after relocating from within the Great Southwest Industrial District. The tenant triples the warehouse space in a deal that went full cycle in just 5.5 days.
SAN FERNANDO VALLEY, CA-The Orange County-based property management firm gets an eight-building portfolio owned by the Moss Group, whose founder says he made the selection based on leasing deals he's done with Tiarna.
BOSTON-The Massachusetts Convention Center Authority signs the Boston Gift Show to host six shows at the new Boston Convention & Exhibition Center in 2005, 2006 and 2007.
PALM BEACH GARDENS, FL-Craig Callaway, who will be based in the company's local office, has worked for Callaway & Price Inc., RJS Realty and Koger Equity Inc. He has been in the real estate banking industry for 10 years.
SAN DIEGO-The project, which is being built for Faith Presbyterian Church, will consist of a 7,500-sf fellowship hall and a 7,856-sf preschool education facility at build-out. Completion of the preschool is slated for this October, while construction of the church is expected to wrap up in January 2004.
ATLANTA-United Church Homes of Marion, OH is developing Laurel's Edge, a 50-unit, $2.3 million apartment facility in suburban Kennesaw, which will be partly funded by the HUD.
DENVER-The newly inaugurated Mayor creates a cabinet-level department, the Office of Economic Development, which should streamline the project review process. The goal of all this effort is to bring more jobs to the local economy.
LONDON-Chancerygate Morley Ventures, the new pounds 200 million ($320 million) joint venture between Morley Fund Management and Chancerygate Group, has secured its first two industrial development sites.