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ATLANTA-The investment partnership is looking for acquisitions in the Southeast, Houston and Los Angeles but hasn't set a dollar cap on its goals. Hunt Realty Corp. will be the capital provider.
UPLAND, CA-The company's $100 million project in Mira Loma, CA, is nearing completion, and it plans $500 million in additional projects over the next three years.
CANTON, TX-The 15-year-old Crescent Apartments sell at a current cap rate of 10.9% in a Marcus & Millichap-brokered deal. The buyer gets a 93%-occupied complex without deferred maintenance and a setting ripe for a rent hike.
SAN FRANCISCO-San Francisco Mayor Willie Brown has requested that the Bloomingdale's development in downtown San Francisco remove a hotel tower from its plans, as the hotel market continues to suffer.
WASHINGTON, DC-In a deal between seller F Street Group and buyer Grosvenor Atlantic Ltd. the building at 1777 F St. gets snapped up for $17 million. The structure is currently valued at $10.5 million and is fully occupied by Federal Housing Finance Board through 2006.
HOUSTON-In the breakdown, the REIT spent $144 million on acquisitions and collected $126 million from dispositions. The fourth-quarter 2002 deal making also set the stage for developments in San Diego, Houston and Northern Virginia.
LONDON-McKay Securities has completed the first letting at Pegasus Place, its 50,835-sf speculative office scheme in Crawley, West Sussex, to Rokbuild, part of Rok Property Solutions which is taking 12,789 sf.
DENVER-Two Super K locations in Greenwood Village and Lakewood as well as a Big K in Littleton "will be re-leased quickly," CB Richard Ellis retail broker Dean Insalaco tells GlobeSt.com.
BOSTON-Almost exactly a year after it files for Chapter 11 bankruptcy protection, Kmart Corp., the Troy, MI-based retail chain, says it will close 326 stores. Five of the stores to be closed are in Massachusetts.
OAKLAND-According to realtor Greg Lagomarsino of Colliers International, East Bay cities are becoming popular among businesses due to "quality inventory and favorable economics".