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NEW YORK CITY-The target investments are junior loans and preferred equity positions, say the leaders of the fund, typically in the $8-million-to-$20-million range.
HOUSTON-Taquerias Arandas takes title to the 2.8-acre asset at 8301 Beechnut in Houston's southeast submarket after being under contract for a year. The broker blames financing issues for the delay.
ORLANDO-With a 12% direct vacancy in all classes Downtown and in the Orlando suburbs, a new Colliers International market analysis projects demand nationally and locally will be weak, at least until the third quarter.
SKOKIE, IL-With Anixter International Inc.'s relocation to Prairie Glen Corporate Campus in Glenview cutting occupancy to 55%, Lincoln Property Co. sells the two-building complex at 4709-11 W. Golf Rd. for less than $60 per sf.
GLENDALE HEIGHTS, IL-The Elgin-based developer sells a building at 1640 Fullerton Ct. in the Glendale Heights Business Park to an affiliate of North Coast Commercial Roofing Systems, which will take 91,550 sf in a move from Elmhurst.
DALLAS-PMC Commercial and PMC Capital are selling just a few, not all, of their 22 AmeriHost Inns in a move independent of their merger plan. Those that are up for sale are being marketed by PMC's operator, Arlington Hospitality, under a prior agreement.
ST. CHARLES, IL-National Data Services of Chicago Inc. has bought the 105,140-sf at 620 Stetson Ave., where it had been RREEF's tenant, and then sells it for $5.3 million to AIC Ventures and signs a long-term lease.