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THE WOODLANDS, TX-The buyer is Florida-based Regency Centers, which has doubled its Houston portfolio with the acquisition. The centers have a combined assessed value of $35.1 million, according to county records.
ATLANTA-Locally based DEL Development obtains an interest-only, floating-rate, 35-month mortgage for Lakeshore Apartments at a starting rate of 4.05%. The 24-year-old, 244-unit property is 90% occupied. DEL's renovation will reduce it to 196 units.
TORRANCE, CA-The Los Angeles-based office REIT says this purchase from the Carlyle Group makes Arden the biggest owner of class A office space in the 190th Street corridor of L.A.'s South Bay market.
LOS ANGELES, CA-The office REIT's funds from operations dropped $3 million from last year's second quarter, while net income dropped by nearly $11 million. The company announced a stock repurchase program.
BERNARDSVILLE, NJ-The funding, arranged by PWF, will be used to cover existing debt and to pay for the refurbishing of the three assets, which total 374 units.
ADDISON, TX-Tiltrac Corp. will move in Sept. 1 to a municipally owned building along Dooley Road in Addison. Its size of 10,793 sf and location make it a rare find in the submarket, says the tenant's broker.
WALPOLE, MA-A study indicates that the town would support another golf course and its board of selectmen has given the town the go-ahead to pursue building one on a 130-acre parcel right off Main Street.
LONDON-Land Securities has overcome the final hurdle in its long battle to develop a 450,000-sf shopping mall in the centre of Exeter, Devon. Deputy Prime Minister John Prescott has decided not to call a public inquiry into the proposal.
AUSTIN-Whole Foods' net income is up 36% and same store sales, 10.5% in the quarter-to-quarter comparison. Analysts want to know if the news means stores. The chain operates 133 stores and has 22 under construction.
SALISBURY, MD-New Jersey-based boat manufacturer Silverton Marine Corp. picks a $1.65 million, 66,000-sf structure in Northwood Industrial Park for its fiberglass and metal manufacturing plant.