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DALLAS-The Dallas-Fort Worth borrower goes to market within months of buying the 185,000-sf San Marcos retail center to shave costs with tweaking for a lower interest rate and other cost-savers. Metropolitan Capital Advisors gets the nod from Bear Stearns.
PHILLIPSBURG, NJ-The manufacturer wants to transform its vacant industrial site here with the help of the Hillier organization, the Garibaldi Group and Gerald H. Genet Inc.
NEW YORK CITY-No one ever said '03 was going to be a cake walk. REITs are on their way to proving it. The only ray of hope falls on retail and finance sectors.
WASHINGTON DC-After suffering the ills of decades of disrepair, Parkfair Apartments gets a chance to shine once again, courtesy of the recent $3.7-million redevelopment. The 31 units are reserved as affordable housing.
PHOENIX-The Portland buyer pays close to $2.5 million for the Cornel Apartments, using a 41% down payment and takeover of a Fannie Mae loan to close the sale and satisfy the exchange. Only one unit was empty at closing time.
MURFREESBORO, TN- Two years after it set out looking for a location, the joint venture of Verizon Communications and Vodafone leases a one-story building in this middle Tennessee community for a call center that will employ over 1,000 people.
SANTA ANA, CA-The buyers, both based in Orange County, take deeds to a 9,000-sf, two-story office building in Santa Ana's Amberwood Office Park and a 6,400-sf, single-story office property in Costa Mesa's Airway Commerce Center
WHITE PLAINS, NY-Retirement-planning firm the Pentegra Group has signed a lease renewal and expansion deal totaling 27,505 sf at 108 Corporate Park Dr. here.