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PORTLAND, OR-Watamull Properties Corp. of Honolulu, HI acquires a Wickes Furniture Building in Portland as part of a 1031 exchange transaction. Located in the Delta Park area of the city, the facility encompasses 51,350 sf.
DALLAS-The North Texas Commercial Association of Realtors has named Brian O'Boyle of O'Boyle Properties Inc. as the 2002 Stemmons Service Award. Nominees are selected for tenure, professional and civic involvement, production and ethics.
MIAMI-The $55 million 610 Clematis project calls for 259 units and eight stories in downtown West Palm Beach. Scheduled to break ground in August 2003, the project was recently assigned a new interior design head. A sales team is expected to appointed next month.
STAFFORD, TX-After doing the job internally, a limited partnership turns over two suburban office buildings, totaling 14,970 sf, to Yancey-Hausman. One building is completely empty and the other has a 1,000-sf tenant.
WASHINGTON, DC-President Bush inked the terrorism insurance legislation into law this morning, and leaders in the lobbying effort tell GlobeSt.com that the impact should be immediate.
ATLANTA-National Commerce Financial, ranked No. 1 or No.2 in the banking industry by Lehman Brothers for the past seven quarters, is buying Atlanta-based BancMortgage Financial Corp. for an undisclosed sum. The deal is scheduled to close by Dec. 31.
CEDAR HILL, TX-Weber & Co. and Today Realty Advisors get ready to move ahead on the 345,000-sf Pleasant Run Towne Center, a project that's been two years in the making. Five anchors are waiting in the wings.
DALLAS-The latest word from Marcus & Millichap is private investors, not REITs or institutions, are the wheelers and dealers in the Dallas-Fort Worth market. Their hunger for class B and C has the median selling price at $77 per sf, up $2.50 from 2001.
HOUSTON-Pitney Bowes takes the largest chunk of the office-tech space, signing for 10,202 sf for its executive offices. The two deals boost occupancy to 67% in the one-year-old, 365,000-sf business park along West Sam Houston Parkway.
ALBANY, NY-State officials announced late last week that Tokyo Electron Limited will establish a research and development center inside a $300-million complex under construction at the State University of Albany campus.