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ORLANDO-The Arlington, VA-based organization tells GlobeSt.com two pilot projects in the Lake Okeechobee watershed are not intended to bar commercial development, but area brokers tell GlobeSt.com buying up development rights from ranchers will have the same effect, if successful.
PHOENIX-The lone broker says it's a win-win for buyer and seller. The buyer was seeking a good Phoenix property for a 1031 Exchange and the seller was looking to "capitalize on the strong real estate market.
BEAVERTON, OR-Leasing broker Buzz Ellis tells GlobeSt.com that an LOI has been signed for 13,000 sf on the first floor of the 106,000-sf building, for which the last concrete panel was hung yesterday (Monday, Aug. 5).
ORLANDO-The five-story, $20 million Three Resource Square in the 1,000-acre Central Florida Research Park will complement One and Two Resource Square completed in 1999 and 2000 respectively. Both are fully leased and owned by the Brookdale Group of Atlanta.
SAN DIEGO-Citing rapid growth in its Orange County and Los Angeles commercial real estate portfolios, the San Diego-based brokerage has relocated to larger facilities in Newport Beach.
WASHINGTON, DC-Senate members get a pat on the back from the Mortgage Bankers Association for the introduction of the Multifamily Housing Loan Limit Improvement Act. The bill provides for the indexing of FHA multifamily loan limits.
ARLINGTON, VA-Development team the Akridge Cos., Multi-Employer Property Trust and The Holladay Corp. have topped out construction of the $53 million The Hartford, a 212,000-sf office building in the city's Clarendon neighborhood. A $15 million residential building will be attached to the structure.
BAYTOWN, TX-Woodcreek Village, situated on 15 acres in Baytown, sells to William Friedrichs, who intends to pump $3.1 million to $3.7 million into a rehab. The complex was shut down six years ago.
TUCSON-The firm's managing director in Phoenix has been chasing the niche play for a decade. At last, the right team leader has come along. For 25 years, attorney Andrew A. Brodkey has been mining the fields that CBRE wants to tap.
FRISCO, TX-In a $7.85-million loan, Hall Financial Group gets 25% interest in six Holiday Inns in the Western US. The smaller package is a straight refinancing of $4.55 million for a 140-unit seniors facility in Mesa, AZ.