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SANTA ANA, CA-A 10-year tenant, Advanstar Communications of Boston, signs for another six years and 36,600 sf at 201 E. Sandpointe Ave., a 183,000-sf office property that stays 98% occupied with the transaction.
DALLAS-An international food court will open in the first retail block to become available in five years in the 65,000-sf underground shopping center at One Main Place. The leasing director says it's a first for the tunnel shops.
MIAMI-The unsecured revolving credit facility is in anticipation of its merger with IRT Property Co., planned to close Feb. 12. Part of the facility will go to IRT shareholders, fund transaction expenses, and repay about $61.6 million in secured mortgage debt and $8 million in unsecured borrowings.
ATLANTA-County planning officials confirm the developer and Temple-Inland Inc. have filed preliminary plans to develop 739,320 sf of office; 121,320 sf of retail/commercial; an 8,000-sf day-care center; a public middle school and K-12 private school; and 2,189 single-family homes.
DENVER-One of Denver's most popular restaurants will be moving from its home of 20-years to a newly constructed restaurant about a half-mile away, to make way for a 290-unit luxury apartment community to be built on the site.
ORLANDO-The 18-year-old REIT posted 2002 funds from operations of $57.88 million or $1.43 per share versus $44.61 million or $1.41 per share last year. Dividends increased to $1.27 per share, marking the 13th consecutive year of dividend increases.
SALT LAKE CITY- The regional mall is located in the suburban town of Layton, UT, 20 miles north of here. The buyer, Gregory Greenfield & Associates, spent $87 million for the two-level property.
BEE CAVE, TX-A Federated Department Stores' exec says the 2.3-million-sf Hill Country Galleria isn't on its radar screen. The Save Our Springs Alliance is in the midst of a campaign to get retailers to "just say 'no.'
ATLANTA-Slaughter Realty's proposed Stonegate project would encompass 104 town homes, 322 single-family homes and would be located 60 miles northwest of Downtown Atlanta, near the Alabama border.
STAMFORD, CT-W&M Properties reports that financial services firm Jefferies & Company, Inc., has expanded its presence at the firm's Metro Center complex here and Cartesis, Inc., an affiliate of PricewaterhouseCoopers, will also increase its office space requirement, but will relocate its offices from Metro Center to W&M's MerrittView complex in Norwalk.