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SAN FRANCISCO-According to one of San Francisco's largest low-income property owners, the city has targeted the low-income housing industry to raise money for its Department of Building Inspection.
SAN FRANCISCO-The Presidio Trust names Craig Middleton, heretofore the interim director of the trust, its new executive director. The former director resigned last year.
COLORADO SPRINGS, CO-Vacancy rises to 9.1 % in the third quarter, and while rents remain flat, 55% of the 200 communities responding to a Doug Carter LLC's survey report they're offering concessions.
BOCA RATON, FL-Wayne Moor previously held the same title with ANC Rental Corp. His financial career also includes working for Key Biscayne Hotel and Villas. Publicly traded Boca Resorts owns and operates luxury resort properties and golf courses in Florida.
ATLANTA-The Aurora, CO-based global real estate investment firm acquired the 22-year-old, 159,607-sf, 75%-leased 400 Indeco warehouse/distribution facility from Atlanta-based Lend Lease Real Estate Investments Inc. for $3.25 million.
LAKEWOOD, NJ-GlobeSt.com has learned that the winner in the $36.5-million purchase of Prime Retail's mall was locally based Lightstone. The 259,000-sf asset--not counting future development--is all part of the firm's acquisition push.
DALLAS-TGS North American REIT is planning a second equity issue in six to eight months. Until then, Canada's only cross-border REIT will keep tapping a $435-million fund, which just bought 2.3 million sf. A suburban office building in Houston is next.
CHICAGO-A 40,000-sf site at the northwest corner of Madison Street and Des Plaines Avenue will be sold by the city to the utility for $2.025 million. Development potential of a parcel to the south also will be enhanced, the department of planning and development suggests.
IRVING, TX-The Las Colinas/Freeport submarket remains the winner of CSC's consolidation plan. But, a 200,000-sf build-to-suit falls by the wayside for a 160,000-sf lease and 58,000-sf sublease of class A office space in abutting buildings.
ATLANTA-The Dallas-based homebuilder acquired the strategically located tract for a total $3.5 million near the Atlanta firm's Addison Place apartment community in suburban Alpharetta, GA. Centex plans to develop 80 townhomes on the East Fox Court site.