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CARROLLTON, TX-This time, it's Resident Awards, a program touted as a replacement for rent concessions in the multifamily industry. The idea is to accumulate redeemable points via new leases, renewals and referrals.
MIAMI-Wells Fargo Commercial Mortgage provided the 10-year, fixed-rate, securitized financing for the 83,085-sf, mixed-use center in Delray Beach, FL. Holliday Fenoglio Fowler LP arranged the loan on behalf of The David Associates III Land Trust.
MIAMI-The 54-unit, waterfront condominium complex Space 01 will be built in North Bay Village, FL. Units will range from 1,808 sf to 1,906 sf and will cost between $450,000 and $739,000.
DENVER-A branch of Vectra Bank Colorado has opened in the retail portion of the Stapleton airport redevelopment. It is the first retail bank to open here.
SOMERVILLE, MA-The Mystic View Task Force, a local group that opposes big-box stores in the 145-acre Assembly Square, files an intent to appeal the city's approval of a mixed-use development on IKEA's 16.6-acre parcel there.
CHICAGO-Playing the waiting game pays off for the marketing communications firm in negotiations for a lease renewal at 225 N. Michigan Ave. Tenant representatives from Equis Corp. claim they got a better rate and improvements by putting talks on hold for nearly a year.
SAN MARCOS, TX-Grande Communications has secured commercial and multifamily accounts in the 328-acre La Frontera as part of a buyout of TXU Communications. Grande recently raised another $15.2 million in venture funding.
LONDON-The queue of bidders at struggling food retailer Safeway now stands at five following confirmation from entrepreneur Philip Green that he is considering an all-cash offer. Over the weekend US buyout specialist Kohlberg Kravis Roberts also confirmed it was considering a mover to buy back Safeway, which it owned for a short time in the 1980s.
ORLANDO-U.S. Bankruptcy Court trustee R. W. "Bill" Cuthill says he hopes to garner $8.5 million for creditors from Atlantic Portfolio Analytics & Management Inc., which has been attempting to settle its involvement in the investigation of an alleged $214 million mortgage securities fraud.