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SAN ANTONIO-The investigation continues into a collapsed wall that injured a worker and pedestrian. As a result, the developer will raze a second wall facing the San Antonio River. Despite the setback, the $25-million project will proceed.
ATLANTA-In the highest per-sf-price deal of its kind this year in metro Atlanta, the newly constructed, 16,209-sf Glenridge Point Shopping Center was sold by Transwestern/MONY Glenridge LLC to locally based Brown and Gruin for $3.8 million after the seller asked for $4.1 million.
HAYWARD, CA-General Growth Properties Inc. acquires a mall anchored by Macy's, Sears, JCPenney, and Mervyn's. The company expects the property to produce approximately $9 million of net operating income in calendar year 2003.
PORTLAND, OR-In a recent survey conducted by Pensions & Investments magazine, the money management firm has been named one of the Top 50 real estate managers in the U.S. as ranked by tax-exempt assets under management.
GLENDALE, AZ-Park West Development buys another six acres, then sells part to Albertsons. A 54,000-sf grocery and Osco Drug Store will anchor the 12-acre project ticketed for the northeast corner of 59th Avenue and Olive Street.
PHOENIX-Bernard Hodes Group, a recruiting and staffing firm, is settling into a new location in the Camelback Corridor. The New York City firm takes a spot in Anchor Centre, signing a short-term lease valued at $310,000.
SAN DIEGO, CA-Lava Enterprises Inks a seven-year sublease for industrial space in Carmel Mountain Distribution Center. The transaction is valued at nearly $2.7 million.
VISTA, CA-The $5-million project will entail the construction of a new amphitheater, dressing rooms and restrooms, as well as the installation of underground fire and drainage systems.
ORLANDO-Park Lake Presbyterian Church Inc. paid locally based Muniraj Enterprises Inc. $1.05 million per acre for the 1.9-acre site with frontage on three key Orlando arteries. The sale price is similar to the $1.08-million tag on another 1.9-acre parcel sold a month ago.