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ATLANTA-Joseph Swanson, owner of numerous businesses in the Southeast and Southwest and a 30-year investor and developer of real estate in Tennessee and Florida, joins the board of the Murfreesboro, TN-based REIT that specializes in long-term health care facilities.
PORTLAND-Pacific Realty Ventures is developing the three-building complex for its parent company Pacific Santa Fe Corp. and other investors. "There is not a lot of this type of product" near the airport, Pacific Realty's Brad Fowler tells GlobeSt.com.
ATLANTA-In the wake of accounting scandals, a survey by locally based CoreNet Global found that 30% of corporate real estate executives and asset managers will stop or reconsider using "synthetic" leases that take company property off the balance sheet.
SAN ANTONIO-The owner is seeking $23 million in cash for the two-year-old Lodge at Shavano Park. Hanover believes it's a good time to ID a buyer with the pace picking up in San Antonio's multifamily market.
DALLAS-H. Pryor Blackwell and Charles A. Anderson swap their suits for shorts in a double exodus said to be more coincidence than planning. The leadership roles are immediately backfilled so they can pursue the usual "other interests.
DENVER-Now spread over 13 locations throughout the city, 46 agencies and their 1,781 employees will be consolidated at the Wellington E. Webb Municipal Office Building at 201 W. Colfax Ave. after moves over five weekends.
DETROIT-A Downtown warehouse will become an arts and education center, says Parade Co., which also is rehabilitating an old 218,000-sf building. Its location on Mt. Elliott Road already draws 5,000 visitors a year.
HOUSTON-Four transactions are sealed, with the largest being a 12-acre tract in the Westchase submarket. The corporate buyer gets a deed to the northwest corner of Eldridge Parkway and Rincon Road.
DALLAS-The North Texas Commercial Data Exchange will contain 18,000 buildings of local office, industrial and retail product. Low cost, local control and quality data will deliver when the service goes live, says NTCAR's president.