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ATLANTA-The 52-year-old, $8 billion Dallas-based homebuilding and financial services firm is paying about $3.2 million for the East Fox Court dirt in suburban Alpharetta, GA, across from Roberts Realty Investors Inc.'s Addison Place apartment community.
MIAMI-The loan is a refinancing of the 300-unit, 16-building Harbor Key Apartments in Miami-Dade County, FL. The financing, over a 10-year term with a 30-year amortization, was offered at a 5.97% fixed rate.
MIAMI-The slight increase in the vacancies are nothing to be concerned about, says one area broker. But Brickell Avenue vacancies will rise next year. In Q3, investors showed confidence, as major buildings were sold for more than $669 million.
WACO, TX-The 403,000-sf structure is designed with 1,195 parking spaces, 19,000 sf of office space for the university's IT department and 9,000 sf of shell space. Delivery will come in time for the 2003 fall semester.
DETROIT-Barton Malow, responsible for the $126-million reconstruction of the famed General Motors Corp. complex, says it was more fun than work in retouching an architectural legend. The Cadillac Place building now houses state office workers.
Among the technology trends of 2002, one of the most important in the commercial-mortgage industry is the movement toward a standardized format for the…
WOODINVILLE, WA-Brittany Park Seniors Apartments will use proceeds of the loans to refinance the existing mortgage loan on the property and to pay bond issuance costs. The 205-unit complex was built in 1997 and 1999.
RESTON, VA-Plaza America's Tower III and Tower IV get new tenants as Soho Cafi and Subway sandwich shop commit to space totaling more than 13,000 sf in the mixed-use $225 million development. Both are due to open new versions of their eateries next year.
SAN DIEGO, CA-According to a new report, the local office vacancy rate rose slightly in third quarter 2002 to 13.49% from 12.68% in the second quarter of this year. This increase was mainly due to the 390,000 sf of new office space that came online in the third quarter.