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DENVER-Bedford Property Investor's WaterPark@Briarwood office-flex complex is now 78% leased after it lures Granite Loan Management with its "soothing atmosphere" and a location near Interstate 25.
BIRMINGHAM, MI-White Pines of DeWitt commands $68,889 per unit, thanks in part to available land for expansion, while the new owner of the Seminole Apartments in Pontiac sees the need to update and renovate units acquired at $20,310 each.
LAKE OSWEGO, OR-Thanks to nearly 18,000 sf of new and renewal leases over the past two months, the 86,600-sf retail center just off the city's main intersection has just 2,000 sf left to lease.
DALLAS-Robyn G. Jackson becomes the eighth broker in Texas to join the Irvine, CA-based firm in a coast-to-coast expansion that's boosted the coverage area to 50 markets in the last 18 months. Jackson also specializes in seniors housing.
ORLANDO-The Norfolk, VA-based international investor paid the Raleigh, NC-based developer $70.28 per sf for the five-building, 95%-leased, 315,515-sf Oakridge Office Park in the 4,000-acre Orlando Central Park development.
POWAY, CA-The year-old bank serving northern San Diego County has leased a former bank location in a Von's-anchored retail center here en route to opening a loan production office during the first quarter of 2003.
AGOURA HILLS, CA-The Joni and Friends program for the disabled buys a 27,000-sf office building for a three-fold expansion within the city. Occupancy is scheduled for Jan. 2004, when the existing tenant is scheduled to vacate the premesis.
HOUSTON-A group of California investors, knocking on Gables' door, acquires the 404-unit Gables Champions at 5959 FM 1960 West. Gables gets to record a $7.5-million gain for the sale, says Gables' CEO.
PORTLAND-Florexpo takes 38,440 sf in Aurora, Ore., Kaiser Foundation Health Plans of the Northwest signs up for 16,500 sf on Airport Way and Brighton-Best Socket Screw Manufacturing takes 9,943 sf at 13617 NE Jarrett St.
AUSTIN-One-third of Austin's sublease market has an average life of two years. Of the 82 leases, 43 or 748,000 sf have less than a year to go. As a result, "expenses only" deal making returns for the first time since the late 1980s.