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DALLAS-Champion Partners and Colonnade Properties sit down at the closing table after seven months of negotiations for 195,000 sf of office and retail in one of Dallas' ritziest neighborhoods. The deal closes with equity from the fund and a loan from JPMorgan Chase.
DALLAS-David Snyder, vice president of national marketing and development, leaves the Crescent post Thursday for an executive vice president's job at Constructors. The prodigal son returns May 5, with new skills acquired during a three-year hiatus.
SAN DIEGO-CC-Sunterra LLC acquires the 120-unit Posada del Valle apartment asset from Emerald I LLC. The new owner plans to convert the property into a for-sale condominium project.
HOUSTON-A week after cornering a 740,000-sf renewal, Trizec's Houston team holds onto three tenants, grabs some expansions and adds a new name to the roster for three class A office buildings. The leases range from 41,781 sf to 9,970 sf.
ENGLEWOOD, CO-Alexan CityCenter, which was developed to be accessible to Downtown Denver via light rail, has fetched a healthy price for Trammel Crow, which is selling it to UBS.
DETROIT-The Downtown area here is seeing millions of dollars in multifamily, office and retail development, and two DDA properties may be used for more than parking, if developers' plans come to fruition.
HOLLYWOOD, CA-The historic Hillview Apartments, a long-neglected former home to the stars, is getting a full-body treatment by a partnership investing $10.7 million into making over the 54-unit property along Hollywood Boulevard.
TUCSON-The 564,000-sf facility will open by January 2005, delivering Tucson's largest resort with 575 rooms, 66,000 sf of convention and meeting space, 22,000-sf spa and three restaurants set on 23 acres of the Sonoran Desert.
CYPRESS, CA-The 292,223-sf package consists of Cypress Pointe Office Park, a five-building complex along Corporate Avenue, and Cypress Corporate Plaza, a lone structure along Holder Street. The 96%-leased portfolio is filled with strong credit tenants.