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ATLANTA-The senior vice president will continue to work with the locally based developer as a consultant on certain projects. In his 14-year career with the company, Overton participated in numerous signature developments across the country.
AUSTIN-In the 2003 session, the legislature will consider elimination of an honor system for declaring personal property plus add a penalty for non-compliance. The measure appears poised to pass easier than a bill for mandatory sales disclosure, says a tax expert.
CHICAGO-Renaissance St. Luke LP's $12.5-million project on a 1.1-acre site at the southwest corner of Belmont and Greenview avenues will include 75% of the units priced at affordable rates, 25% at market rates.
KENT, WA-The principals of Tri State Distributors acquire property within Boeing Realty's 240-acre Pacific Gateway Business Park and negotiate with Trammell Crow Co. for construction of a 59,000-sf distribution building.
BLACK HAWK, CO-Windsor Woodmont is asking the US bankruptcy court to void its 20-year management agreement with Hyatt Gaming Management, saying the company has failed to bring the casino to profitability.
UVALDE, TX-The San Antonio investor replaces an eight-unit multifamily property in Austin with a 191-unit mini-storage complex in Uvalde, 70 miles west of San Antonio. The sale follows a trend by small investors to buy in third and fourth tier towns.
BETHESDA, MD-The Shops at Sumner Place--a 195,000-sf office and retail property once known as Little Falls Mall--has secured a $30-million permanent financing package with the assistance of real estate services company Cushman & Wakefield. MetLife issued the loan.
HOUSTON-A&A Remodeling will move into 10,818 sf at Beltway Service Center in Houston's southwest submarket while Bishop's Original Products, a distributor of oil products, renews 6,440 sf on the city's East Side.
SAN GABRIEL, CA-The $1.1 million sale of a 40-year-old, eight-unit apartment building illustrates investor interest in the San Gabriel Valley and buildings without rent control, according to Marcus & Millichap broker Seth Polen.
OPELIKA, AL-The automotive manufacturing facility will be located on a 38-acre site in the Northeast Opelika Industrial Park and will service the company's Southeastern customer base. Construction will begin next month and the facility is expected to open in September.