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HOUSTON-Regency Centers buys 23 acres, valued at $11 million, from seven owners in far northwest Houston. Kleinwood Center's H-E-B Pantry and Walgreens stores will be razed and replaced with larger format stores and 50,000 sf of inline retail.
GREATER BOSTON-A report compiled by Richards Barry Joyce & Partners, a local real estate services firm, indicates that while the biotech market continues to experience steady tenant demand, much of the market's growth will be seen in the suburbs.
DALLAS-Frisco, the state's fastest-growing city, catches heat as neighbors and building owners seek ways to block losses from its deal-making strategies. Frisco's last six pacts roped 320,000 sf of new construction and 1,000 more jobs by the end of 2003.
MIAMI-The Deerfield Beach, FL-based construction and development firm may build office and retail space on a 23-acre tract of land purchased from Chiocago-based West Point Land Development LLC for $4.33 million or $188,261 per acre.
VANCOUVER, WA-Wells Fargo, which paid $825,000 for the 1.03-acre parcel, will develop a retail location on the site, located within Killian Pacific's four-corner Fisher's Terrace development located at the confluence of Southeast 34th and 192nd in East Vancouver.
HOUSTON-The property along Lapas Drive sells after being on the market for six months at an asking price of $250,000. The seller is from Pittsburgh and the buyer is from Houston. The plan is to upgrade and lease the vacant buildings.
HOUSTON-Salient Partners will relocate into 4,906 sf at the Chase Bank building in the Galleria submarket while Glory Mortgage is sliding into 1,667 sf at 25227 Grogan's Mill Rd. in the Woodlands.
ATLANTA-Renaissance Capital of Raleigh, NC is providing the 10-year loan, amortized at 30 years for 5.44% interest within 30 days to meet a 1031 exchange deadline. It was funded through Fannie Mae's DUS program.
SAN DIEGO, CA-Construction is currently underway on the $9-million project, which will consist of 41 condominiums, 3,700 sf of street-level retail space and an underground parking garage upon completion. The 74,000-sf mixed-use development is rising at 1608 India St. in Little Italy.
SAN DIEGO, CA-BOSA Development Co. buys the residential land parcel and plans to eventually build a 450 to 500-unit condominium project on it. For the time being, the property is being used as a parking lot.