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MONTERREY, MEXICO-Corporate Properties of the Americas will use the massive cash infusion for acquisitions, new development and sale/leaseback transactions throughout Mexico.
DALLAS-J. Reagan Dixon didn't stay idle long after trading in a corporate office for a home office. His play book has two major leaguers and two brokers who've signed up for tips, either for one-on-one or the entire team.
NAPERVILLE, IL-CenterPoint Properties Trust writes down the value of 118 acres at Jefferson and Aurora avenues by $1.23 million. The industrial REIT acquired the land, which can handle 2.1 million sf of retail development, from the Burlington Northern Santa Fe railroad.
PHOENIX-Ric Holway gets the honor for a sales volume of $56 million in multifamily transactions. He credits devoted clients and working with the right people for his success along with the commitment.
SEATTLE-The 29-story, 425-room luxury hotel was completed in 2001 and is owned by Hedreen Hotel LLC, which consists of Richard C. Hedreen and Pritzker family-related entities. Prudential Mortgage Capital provided the funding.
NORTHBOROUGH, MA-In yet another demonstration of the relative strength of the industrial market, Sundance Publishing/Haights Cross leases 150,000 sf of warehouse and office space at One Beeman St.
OCEANSIDE, CA-John Morally Living Trust acquires the 27,925-sf building, which stands at 4695 North Ave. The new facility will be used to headquarter the buyer's firm, MWI Wholesale Plumbing.
DETROIT-Nine apartment communities in the Detroit and Lansing area are being sold by United Dominion Realty Trust. Hendricks & Partners are handling the deal.
TAMPA-MLG Capital LLC of Brookfield, WI pays Palm Lakes LLC of Lexington, KY $93.97 per sf for the 13-year-old, 98.5%-occupied, 87,000-sf Shoppes of Amberly after the property was on the market for only two months.
DALLAS-Fulbright & Jaworski holds onto its 2200 Ross Ave. address in the Dallas CBD, signing a long-term renewal and expansion for JP Morgan Chase Tower. All options, including build-to-suit, were explored before the final talks began.