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PORTLAND-For $5.2 million, a group of investors that includes the principals of Seattle-based SeaMark Properties acquires the 50 unsold units at The Legends, an 80-unit condominium tower that was part of Capital Consultants' real estate portfolio.
ROUND ROCK, TX-End-of-year trading finalizes the purchase of 301 Sundance as the student loan organization buys the Round Rock building from Kennedy-Wilson International. The plan is to occupy 160,000 sf and lease the balance.
BOSTON-A locally based developer, RF Walsh Co., has submitted a project notification form to the city proposing to build a 183-unit apartment complex in the former Boston College High School in the South End neighborhood of the city.
MIAMI-The Boca Raton, FL-based national builder/investor purchased the last prime industrial parcel in the city, 10.84 acres in the Arvida Park of Commerce, from Sensormatic Electronics Corp. for $10.59 per sf.
CHICAGO-The succession plan winds down as Douglas Crocker II turns over the chief executive officer duties to Bruce W. Duncan, who joined the largest US multifamily REIT as president in April.
NEW YORK CITY-The former BJ's Wholesale Club was under contract to a residential developer but a zoning change was turned down and the deal fell through. Now, the property will become an R&D facility for Icon Laboratories.
SCOTTSDALE, AZ-After a year of talking, the Scottsdale Convention and Visitors Bureau signs a seven-year lease for 11,336 sf at the Galleria Corporate Centre. The calendar is marked for a March move.
MINNEAPOLIS-The 321-key Doubletree Hotel Minneapolis Airport at the Mall will continue to be managed by seller Starwood, the White Plains, NY lodging giant. The deal closed Friday.
MIAMI-Jupiter Realty Corp. of Chicago sold the 330-unit, 94% occupied community in Miami Lakes, FL to Sawyer Realty Holdings Inc. for $63,636 per unit.
PHILADELPHIA-Chicago-based R.R. Donnelley leases 670,000 sf in the four-building former Caterpillar complex in York, PA for a Northeast logistics center to open in third-quarter 2003. Currently vacant, the facility will undergo conversion to a multi-tenant industrial facility.