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HOUSTON-A Fort Worth investor buys a 25,000-sf industrial property leased for 15 years to Coastal Foods after selling a North Texas multifamily asset. A Houston company trades in a traditional office building for a medical office property.
LAS VEGAS-Site owner Simon Property Group and Park Place Entertainment Corp., Caesars' parent firm, pave the way for a 175,000-sf addition to the 500,000-sf retail center. Completion is expected in fall 2004.
DALLAS-The City Center TIFF is funding the CBD eye candy, which rolls out in stages starting in April on a 40-block box in the downtown. The HOK-designed project targets Field, Akard, Ervay, St. Paul and Harwood streets.
MT. LAUREL, NJ-The mortgage banking firm's expansion facility, developed by Liberty Property Trust, raises its presence at Bishop's Gate Corporate Center to more than 650,000 sf.
PHOENIX-The buyer gets a first-floor office for an affiliate, two tenants and a view of Squaw Peak, the Wrigley Mansion and the Arizona Biltmore golf course, taking half-interest in an 86,000-sf building.
SAN ANTONIO-Kathleen Leigh Johnson, with PS Business Parks before it exited the city, is hired as a property manager for the firm's four million sf in San Antonio. Cencor affiliate, Weitzman, adds a tenant rep to its San Antonio ranks.
MACOMB COUNTY, MI-Pennsylvania limited partnerships sell Shelby Town Center; buyer happy to see increased traffic and influx of new homes in northern Macomb County.
WASHINGTON, DC-A groundbreaking ceremony on March 6 is in the works to officially kick off the development of the 233-suite Residence Inn Marriott. The $43-million endeavor is the product of The Donohoe Cos., Hospitality Partners and Four Fires LLC.
THE WOODLANDS, TX-PCA Structure Point is taking its leave from a non-profit parent, based in Illinois, and setting up a for-profit operation in the Woodlands. The firm signed a five-year sublease for the former Aronex headquarters building.
WEST LOS ANGELES-Crown Realty & Development sells a project that recycled some prime infill property and was more than 10 years in the making. Insiders say it's believed to be a $40-million-plus deal.