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HOUSTON-Horizon Hotels, a Hilton franchisee in Houston, buys 2.4 acres near the intersection of Six Pines and Lake Woodlands drive. Ground breaks in November on the hotel, with delivery coming a year later.
PHILADELPHIA-The average vacancy rate for industrial properties in the four Pennsylvania counties surrounding Philadelphia remains stable at just under 10%, according to the second-quarter research from the local office of Trammell Crow. Southern Jersey's newer buildings pose strong competition.
MOUNT LAUREL, NJ-Unique Industries and Albert E. Price Inc. will use their respective spaces within Mid-Atlantic Corporate Center for distribution purposes. Smith Mack & Co. brokered the deals.
LA QUINTA, CA-The investor, working under a 10-31 exchange deadline, obtained the loan through ARCS Commercial Mortgage Co. to buy a 200-unit apartment building here at 47-750 Adams St.
WASHINGTON, DC-A proposal by the Department of the Army for a $90-million structure to replace the current 50-year-old DeWitt Army Hospital building takes a step toward reality with the National Capital Planning Commission's recent approval of the plan. The new structure would be a 314,000-sf state-of-the-art facility.
SAN DIEGO, CA-The tenants will take a total of 18,513 sf of office space in the Mission Valley complex, having signed three separate transactions worth nearly $1.5 million combined.
SCOTTSDALE, AZ-DFD CornoyerHedrick takes the grand prize from a field of 430 entries in the 39th annual Gold Nugget Competition. The local firm wins with its Scottsdale's Galleria Corporate Centre makeover.
RIVERSIDE, CA-A private investor from Northern California buys the 15-year-old property, which is evenly split between one-bedroom and two-bedroom units.
DENVER-Dormant since 1974, the former ski resort is on the auction block Sunday at a minimum bid of $250,000. A location surrounded by Arapahoe National Forest offers opportunities, Sheldon Good & Co. officials say.
PHILADELPHIA-The local insurance brokerage renews its lease and adds 6,049 sf at One Penn Square West, also known as The Graham Building. The average asking rate in Center City has dropped to $22.60 per sf.