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HOUSTON-The Houston-based REIT adds eight banks to its lineup, changes covenants and improves short-term borrowings to boost the line another $80 million. The changes open investment ops "well into the future," says the CFO.
ORLANDO-The broker/owner of locally based Don Asher & Associates, a real estate professional for 45 years, was cited for his ongoing work with realty organizations and his leadership roles with 25 civic, community and charitable organizations.
OAKLAND, CA-Just when it seemed the Greater St. Paul Baptist Church would miss its deadline to submit its $2.25 million down payment for the 174-acre former United States Naval Medical Center in Oakland, the money arrives mysteriously.
NEW YORK CITY-Walton Street Capital's $286-million acquisition of the 26-story tower at 717 Fifth Ave. is all but signed. The Chicago-based REIT beat out a list of 20 suitors, said to have included California billionaire Marvin Davis and several German firms.
CHESTERFIELD COUNTY, VA-Developer Devon USA nears completion of two new 400,000 sf, $30 million warehouse and logistics center buildings for Wilmington, DE-based chemical company DuPont. The new facilities will allow the chemical company to consolidate seven other leased warehouse spaces in the Richmond region.
ORLANDO-Historic Creation Design Development Group, an affiliate of Cocoa, FL-based Royal Palm Homes, is undecided on an 18-story or 20-story, 185-unit or 288-unit structure for the three-acre site bounded by Pine and Church Streets and Eola Drive and Osceola Avenue.
MIAMI-For $3.987 million, Jupiter Miami Building Co., representing the buyer, received the 30-year-old, 60,054-sf bankrupt former celebrity lounge, along with several buildings, an estimated 10 condo units, marine leases and recreational facilities.
FRANKLIN, MA-A developer wants to put 91 units of housing downtown, taking advantage of the town's recent zoning amendment that now allows multifamily developments in commercial districts. The rezoning was done in an effort to revitalize the CBD.
DALLAS-Today, for many, will be spent fine-tuning plans for tomorrow. Doors open at 4 p.m. Tuesday at the Hotel Inter-Continental, where 111 exhibitors have reserved spaces for the event.
GRANBY, CO-A 50,000-sf to 60,000-sf King Soopers or City Market will be the next addition to this $450-million residential community boasting an 18-hole golf course, an on-mountain Alpine Club, marina and beach club.