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FORT WORTH-The 18-year-old, 150-unit apartment complex at 6050 Oakland Hills Dr. is well located but in need of $500,000 in repairs. The condition caused the facility to be 28% vacant at the time of sale.
PHILADELPHIA-Scott Behrmann and Ed Carr form a private investment sales team within the Columbus, OH office of Los Angeles-based CB Richard Ellis to focus on investment grade properties. Meanwhile, Philip Pelak is promoted to senior associate, office properties group.
HAYWARD, CA-The packaging solutions company Pactiv signs a 75,152-sf warehouse lease with Prologis Trust, while Gourmet Specialties renews its 194,000-sf lease at 21001-21005 Cabot Blvd.
CANNES-Sonae Immobiliaria has chosen Cushman & Wakefield Healey & Baker as agent for its planned 645,000-sf Dortmund railway station project '3do'. First job is to secure anchor tenants
SUMMIT, NJ-Summit Capital Partners, launched by a former top officer at Lend Lease, will specialize in senior and mezz placements and joint venture equity.
PHILADELPHIA-The Malvern, PA-based REIT announces the new president's expanded responsibilities as well as CEO Willard Rouse III beginning a second round of chemotherapy and radiation treatment for lung cancer. Hankowsky assumed the presidency this March.
HOUSTON-Eastbourne Investments has sold the first of three parcels near Tomball along Texas Highway 249. The first sale was 1.5 acres with a 25 acre sale to follow and 55 acres still on the market.
AUSTIN-TD Waterhouse snaps up the highly visible Scarbrough Building space at Sixth and Congress streets vacated by Charles Schwab & Co. The latter moves to 100 Congress, where it will occupy 5,800 sf.
MIAMI-The Codina Realty Services Inc. ONCOR International report states this vacancy level will continue this year but offers hope for a brighter future. New and returned space also contributed to a negative YTD absorption rate of 913,906 sf.
DENVER-The law firm of Featherstone DeSisto LLP now has more than 10,000 sf on the 24th floor of the South Tower of Chicago-based Equity Office Properties Trust's Dominion Plaza at 600 17th St.