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STAFFORD, TX-Midway Cos. gets clearance from State Farm on a 10-year financing package, with a 25-year amortization, backed by a single-tenant, net lease with a 10-year term. The collateral is a 137,497-sf office/warehouse.
WASHINGTON, DC-Affordable housing industry mover and shaker G. Allan Kingston gets bumped to the top of the National Housing Conference's leadership line, as the advocacy group gives him the chairmanship.
JACKSONVILLE, FL-The Bentonville, AR-based retailer pays Flagler Development Co. $5.6 million, or $24,561 per acre (56 cents per sf), for the land adjacent to Interstate 95 in St. Lucie County where Wal-Mart plans to break ground this fall.
DENTON, TX-Provident Realty Advisors is adding another 264 units of affordable housing to Denton, where a 93.3% occupancy in a multifamily sector is just one more reason for the development push by rooftops and retailers.
SAN DIEGO-DSB Properties snaps up the 464,000-sf retail property from Cousins Properties Inc. Completed in 2000, the asset was 100% occupied at the time of sale by tenants such as Barnes & Noble and Albertsons.
FORT WORTH-Maylar buys the retail center for about $1.2 million, including the assumption of a low-leveraged loan with a pay-off lockout clause. The new owner says the nearly full center with upside potential in a high-growth submarket offsets the loan commitment.
ATLANTA-CB Richard Ellis orchestrated a transaction that allowed the Stamford, CT lender to buy out a 10-year lease from E*Trade, and provided Holder Properties with a blue-ribbon tenant in a three-year-old structure that has been sitting vacant for two years.
SAN DIEGO-Officials from JMI Realty, Omni Hotels and Swinerton Builders will get together today for a topping-out ceremony at the Omni San Diego Hotel site. The hotel and condominium project is slated for completion by April 2004.