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PITTSBURG, CA-Oakmont properties VI LLC uses the Fannie Mae DUS loan to acquire a 148-unit class C apartment complex here for $14.6 million. The loan, sourced by PW Funding, carries an interest rate of 5.02%
SAN DIEGO- San Diego's retail sector is still holding strong, as evidenced by the city's recent ranking of number three out of 38 markets listed on Marcus & Millichap's National Retail Index.
COLORADO CITY, CO-R. Brian Watson and John Webb believe they have found a hidden opportunity in the 248,000-sf warehouse they bought in this small town 140 miles south of Denver saying it is ideally located for distribution from Texas to Wyoming.
DALLAS-Fort Worth is getting 237 rooms; Houston, 220. Redmond, WA, is lined up for 262 and scouts are checking out a second site in Tucson for the Marriott-flagged portfolio. Western International plans to be "ahead of the curve" for the rebound.
HOUSTON-The private investors from Texas secure the capital with deeds to a for-lease manufactured housing development, apartment complex and self-storage facility, all in the Houston region. Debt coverage ranges from 1.35x to 1.51x.
PORTLAND-The independent hotel company acquires the 84-room RiverPlace Hotel, the 39,000-sf RiverPlace Office Building, the 207-slip RiverPlace Marina, 147 parking spaces and 20,000 sf of retail space for an as yet undisclosed price. The transaction is expected to close in July.
HERNDON, VA-The Bureau of Indian Affairs, a division of the US Department of the Interior, finds itself a new 61,000-sf office space in the Dulles Corridor's Corporate Oaks One building.