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CITY OF INDUSTRY, CA-The investment and development firm, which targets class B and C industrial properties, will rehab a 100,000-sf project along Valley Boulevard. The $1-million renovation will set the stage for higher rents.
MIAMI-The Atlanta-based industrial real estate development firm plans to develop a more than 1.1 million-sf industrial park on the land, in Miramar, FL. The seller was Country Lakes LP.
DIAMOND BAR, CA-The Tustin-based company buys the 103,000-sf retail and office project in a joint venture with a private investment fund based in New York City. The 26-year-old center is now in line for a makeover.
PITTSBURG, CA-PW Funding funded the loan under Fannie Mae's DUS program. The loan has a 5.10% interest rate, debt service coverage of 1.38x and a loan to value of 78%.
DENVER-The 9,694-sf Kram-Coe Mansion, built by Earl Coe and located in the Capital Hill neighborhood, was sold to an unidentified investor for a mere $490,000.
GRESHAM, OR-Opus Northwest delivered Winco Foods' 55,000-sf building this month and in coming months will deliver Teeny Foods' 45,000-sf facility and two speculative buildings totaling 67,000 sf. This completes the development of 30 acres Opus took down two and a half years ago.
DALLAS-Cirrus Group hawks the property to two family trusts from Kansas and California, which put up the highest bid and a pledge to close in 30 days. That effort won a fully leased, 20,200-sf asset along Hampton Road in Dallas.
HOUSTON-Barnes & Noble will build a 25,000-sf store at the Centre in Copperfield center the northwest submarket while Shoe Show takes 5,341 sf at Greenspoint Mall, a 1.7-million-sf venue with major redevelopment plans in hand.