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CARROLLTON, TX-Hillwood gets a 154,915-sf building with 93,451 sf sitting empty. Before the ink could dry, the tenant chase began. Seller Met Life gives Hillwood its first Carrollton deed to a property assessed at $4.3 million plus.
ANNAPOLIS, MD-In an $18-million transaction, the two-story office property at 2500 Riva Rd. gets a new owner. Local REIT Corporate Office Properties Trust snaps up the 155,000-sf, fully leased building, and makes its debut in the Annapolis market.
NORTH HOLLYWOOD, CA-The medical transportation company expects to move into its the 25,316-sf facility in the second quarter. It will fill the last available building in a three-building complex along Saticoy Street.
MIAMI-The 126-unit first phase of the Aventura, FL condominium/marina development has an April 15 ground-breaking planned, with completion slated for December 2004. Prices are between $350,000 and $540,000, and the first phase is already 85% sold.
SAN DIEGO-Roel Construction wraps up work on a brand new 37,000-sf performing arts center, which is part of the $94-million Salvation Army Ray and Joan Kroc Corps Community Center.
HOUSTON-The insurance company settled on 350 North Belt Place after looking around in the Greenspoint submarket. A first-floor office with 3,842 sf and a view was too good to pass up, says the deal's broker.
MIAMI BEACH-The locally based real estate investment and management company is selling that principal amount of its 5.5% contingent convertible senior subordinated notes due 2023.
ANAHEIM, CA-Beacon Industrial Distribution of Tulsa, OK, sells the 17,022-sf building at 1210 N. Knollwood Circle to Atrak Inc., an owner-user that will occupy it after a short leaseback to the current tenant.
DEPTFORD, NJ-The 202,000-sf community shopping center, anchored by Marshalls, TJ Maxx and Office Max, moves into the portfolio of Cypress Equities in a deal engineered by Sperry Van Ness.
NEW YORK CITY-In one of several recent law firm deals at the 41-story office property, Levy Phillips and Konigsberg LLP subleases the building's entire 13th floor and part of the concourse. Cresa Partners brokered for sublessor Vivendi Universal.