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CHICAGO-An affiliate of major shareholder Howard M. Amster provides the cash to allow Horizon Group Properties Inc. to restructure loans on outlet centers in Daleville, IN and Somerset, PA, which are on the market, as well as Tulare, CA.
LOS ANGELES-The Society of Industrial & Office Realtors names Robert Morris as the president to head the new slate of officers for the coming year. Other officers hail from I/ESG, NAI Capital, Charles Dunn and Colliers Seeley International.
SANTA ANA, CA-An investor from San Francisco buys the Villa Altiplano Apartments, a one-building complex along Highland Avenue, from two Orange County investors. The fully leased complex brings in monthly rents ranging from $782 to $860.
DETROIT-A NYC developer specializing in urban areas purchases its first shopping facility in Motor City. Plans call for a renovation and renaming the it the new Gallery at Warren Conner.
SEATTLE-Metzler North America acquires the office and retail portions of the 20-story class A building in Downtown Seattle on behalf of Hamburg, Germany-based Deutsche Immobilien Fonds AG, the real estate arm of German fund manager Union Investment Group.
DENVER-An analysis by Gordon Von Stroh, a professor at the University of Denver, has found that apartments boasting an attached garage have 42.7% higher rent than the average rent for units without. Dishwashers also pay off big time, while a clubhouse- a relatively expensive amenity- pays off the least.
VISTA, CA-Company officials at Pan Pacific Retail Properties say the locally based REIT will sell off $75 million worth of 4.7% senior notes due June 1, 2013.
LONDON-Google UK, the European arm of the search engine operator, has signed up for 14,596 sf of offices in Derwent Valley Holdings' The Courtyard office refurbishment on Charing Cross Road, WC2.
ARLINGTON, TX-Three are up and running in their new spaces while a fourth makes the move July 1, with three of the four taking space in the Great Southwest. In all, 31,502 sf close off at multi-tenant office/warehouse buildings.