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ATLANTA-The Oak Brook, IL-based REIT paid a below-replacement cost price of an average $99.42 per sf for a total 865,000 sf of retail at the two-year-old MarketPlace at Mill Creek and the one-year-old Stonecrest MarketPlace.
ORLANDO-North Florida developer F.W. "Freddie" Schinz will be constructing the four-tower, 17-story, 560-unit community for about $267,857 per unit and plans to sell the one-bedroom and two-bedroom homes at a starting price of $245,000.
DALLAS-The Mass Mutual affiliate Thursday moves into 13,218 sf at Park Central VII in a relocation from within the LBJ Freeway submarket. The building beats out three others vying for the top-of-the-line client.
MIAMI-The locally based data center designer/operator increased its revenue to $2.6 million in the quarter ended Dec. 31, 2002 compared to $2.4 million in the prior quarter. Its EBITDA improved to $4.2 million from $4.4 million.
PARIS-The agreement nearly doubles the logistics provider's space at the suburban center to nearly 500,000 sf, all leased from ProLogis, which owns seven facilities at the park.
RIVERSIDE, CA-Wells Fargo Mortgage closes a sale/leaseback with CT Realty of Newport Beach for a 67,000-sf office building at 1595 Spruce St. The buyer gets a five-year lease with the building's sole occupant.
WHITE PLAINS, NY-Cappelli Enterprises has proposed another $300-million high-rise project here that will entail two, 35-story towers, one consisting of a 192-room Westin hotel and million dollar condominiums and the other, a 500,000-sf office building.
SPRINGFIELD, OR-PeaceHealth's controversial $350-million project to build a 165-acre regional medical center in the Gateway area will get another public airing tonight.