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SEATTLE-The commercial real estate services company welcomes back Craig Wilson, who will serve as senior vice president in CB's Eastside office, the office he helped to open two decades ago.
ATLANTA-Jackson Plaza, a three-building, 172,000-sf office facility in Oak Ridge, TN, is up for sale at an asking price of about $31.98 per sf. It is the only class-A office property in Oak Ridge, about 15 miles northwest of Knoxville, TN.
SAN ANTONIO-A California-based limited partnership uses the 135-unit Jackson Square complex in the northwest submarket as collateral for a $3.3-million loan. Column Financial Inc. provides the capital.
TRENTON, NJ-Under its Region of Choice program, the phone company will spend $250,000 promote the Garden State, where it is one of the largest employers, for business development.
PHILADELPHIA-After a lengthy search for land for a 330,000-sf store, the Sweden-based retailer must await rezoning of the proposed 44-acre Penn's Port Pavilion waterfront parcel it wants. If the city council delays or refuses, IKEA may turn to NJ.
DALLAS-The third quarter erases the promise of Q2, with the North Texas multifamily market struggling amid record home-buying levels and steadily increasing supply. Fort Worth is faring better than Dallas. Concessions are deeper, more widespread.
ORLANDO-The locally based timeshare developer has acquired 76 of the 154 oceanfront condominiums at the seven-story Royal Sea Cliff Resort owned by Outrigger Hotels & Resorts of Hawaii. Vacation ownership industry sources tell GlobeSt.com the purchase price was at or below replacement cost of about $200,000 per unit.
RIVERSIDE, CA-AM CAP sells the 18-unit property, known as Columbia Gardens Apartments, to a group of 1031 exchange buyers for nearly $1.3 million. Constructed in 1978, the complex was fully occupied at the time of sale.
MIAMI-Crossroads at Northlake's new owner, Woolbright Development Inc., plans to spend nearly as much as it paid for the 139,171-sf center on renovating it. The $13.72 million bridge loan was 93% of the combined purchase and renovation costs.
MOODY'S INVESTORS SERVICE PLACES RATINGS OF MERISTAR HOSPITALITY CORPORATION (SENIOR DEBT AT B1) UNDER REVIEW FOR POSSIBLE DOWNGRADE Approximately $1.3…