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ONTARIO, CA-The $26.5-million sale of the 130,000-sf Ontario Home Center establishes a new watermark for comparable Inland Empire properties. The per sf beats the previous high by $15 per sf.
HOUSTON-Aaron Glen, the Houston Texans' defensive back, joins with a local investor and a development company to build two shopping centers in Sugar Land and one in Katy. The first project in the 82,000-sf play breaks ground in 30 days.
LONDON-The board of Six Continents has rebuffed an unsolicited bid from British restaurant entrepreneur Hugh Osmond. The five-billion pound ($7.9 billion) offer marks the first firm bid to come in for takeover-target 6C.
ARLINGTON, TX-A San Francisco-area investment group spends $6.5 million for the 184-unit Valley Tree Apartments in North Arlington. The asset was pulled from a 30-property offering by Hall Financial Group, which has its next closing April 1.
MIAMI-Fort Myers Venture l LLC paid $110.80 per sf to Fountain Square Associates, a partnership of Stiles Corp., for the 126,351-sf, nine-story property. Stiles Corp. built the building in 1987 as an investment.
PHOENIX-The 21-story office tower edges to 81% occupancy with the new deals. KPFF Consulting Engineers re-upped for five years on its 10th floor office, 9,763 sf. Inbound June 1 to 2,230 sf is the Katz & Bloom law firm.
NEWTON, MA-Senior Housing Properties Trust spends $61 million for 18 Alterra Healthcare Corp. properties in 10 states across the US and provides Alterra with a $6.9 million financing package. Alterra filed for bankruptcy protection in January.
DUNCANVILLE, TX-Spigel Properties of San Antonio turns over Danieldale Crossing in Duncanville to Ty Equity Group of Dallas, one of three jockeying to make the close. The 85%-leased center sells for about an 11% cap rate.
MIAMI-Adam C. Starr, who previously worked for Brenner Real Estate Group, was appointed to senior associate at Trammell Crow's Boca Raton, FL office. He will be in charge of leasing and marketing more than one million sf in office and industrial properties.