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ORLANDO-Woodland Lakes, a 911-acre, mixed-use development unfolding along the Lake Underhill Road/Alafaya Road corridor brought in $12 million from developers planning multifamily communities. The other land sales were in Orlando Central Park, Orlando Central Park South and SouthPark.
CHICAGO-The seven-story multifamily rental building at 6565 S. Yale Ave. is being converted into apartments for senior citizens by Tinley Park, IL, developer John M. Luce. It is one of just two remaining buildings with an interior atrium with a skylight.
NEWPORT BEACH, CA-The investment group takes over an industrial package with 441,192 sf in three buildings from Glenborough Realty Trust. Inc. The properties are located in LA, Santa Fe Springs and Anaheim.
WOBURN, MA-In the fourth of a series of recent deals at Unicorn Park, New Century Mortgage, a residential mortgage originator, takes 8,100 sf at 200 Unicorn Park Dr. The Park is a 600,000-sf, six-building master planned office park situated along Route 93 near Route 95.
CHANDLER, AZ-The offering for the 140-unit complex brought out some heated competition to deliver a closing price that came within $50,000 of the ask. A California investment group wins the 80%-leased complex at Loop 101 and Chandler Boulevard.
FORT WORTH-Legacy Capital Partners gets prime land that Dell carved from land neighboring the heart of Ross Perot Jr.'s AllianceTexas. The changed economy changed the corporate campus plan so Dell sells to a buyer skilled in positioning raw land for development.
PHOENIX-Orix Alliant is gaming out the development roster for land bought in recent months from Marriott Corp. First, it sells 3 1/2 acres to Circuit City and then signs Eckerd, Chipotle and Coffee, Tea & Bean to plaza leases.
SAN DIEGO-The borrower, Valentia Apartments LLC, will use the funds to refinance a 318-unit multifamily complex located at 5305 Toscana Way in San Diego. The 10-year loan amortizes over 30 years and has an interest rate of 5.28%.
NEWPORT BEACH, CA-Stradling Yocca Carlson & Rauth, one of Orange County's largest law firms, pens an early renewal, signing for 10 years with an expansion option for its class A office space in 660 Newport Center Dr.