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RESTON, VA-Five-acre retail property Village Commons goes from Terrabrook's portfolio to AJ Dwoskin & Associates' per a $6.2 million deal. Four tenants lease land space on which they have built structures accounting for 20,000 sf of space.
AUSTIN-After a year of renovations, Endeavor Real Estate Group sets up shop in 7,000 sf of a 10,539-sf building at 1209 W. Fifth St., doubling its office area as an owner-occupant in a move from leased space in the CBD.
PHOENIX-AmeriVest Properties makes its second metro Phoenix buy in less than two years, gaining control of a 97%-occupied, 147,660-sf office building in the northwest submarket. The LA police and fire departments' pension fund is the seller.
ROSEMONT, IL-While office specialists Francis R. Prock and Steven W. Kling head to Colliers Bennett & Kahnweiler Inc., regional managing director Michael J. O'Hanlon nabs Michael J. Fortuna away from one of his former stops, Cushman & Wakefield.
PORTLAND-The city's urban renewal agency will manage the effort, obtaining the necessary permits and hiring a consultant to help with development of a request for proposals that will be sent out to interested restaurateurs in March.
GRAND PRAIRIE, TX-Mid-America Apartment Communities plans to transfer the 300-unit Green Oaks in Grand Prairie to a portfolio that it's building with Crow Holdings. It's the third acquisition in seven months from the JV's $150-million buying pool.
SEATTLE-A developer would still have five years from Master Use Permit approval to obtain a building permit, but would not have to worry about annual renewals that make the project subject to annual revisions to account for any change in the land use code.
COSTA MESA, CA-The Orange County Performing Arts Center board names Fluor Corp. of Aliso Viejo, CA as the construction manager for the center's expansion, which will be designed by Cesar Pelli.
HOUSTON-Sister subsidiaries, shopping the market individually, make a mutual decision that fills the Enclave on the Lake, a class A office building that's been vacant since it delivered three years ago.
DENVER-In its monthly report, the Metro Chamber of Commerce has spied a number of positive trends in the local economy. But commercial real estate doesn't stand to benefit from them just yet.