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WILMINGTON, DE-Construction of Ships Tavern Mews Complex--the 22-building, 83-unit apartment complex with 33,000-sf of ground-level retail space--gets a boost with a $25 million financing package.
SAN DIEGO-In the largest deal, valued at more than $1.4 million, Alvarado Hospital Medical Center Inc. signed a five-year lease for 11,634 sf of office space at 8885 Rio San Diego Dr.
PHILADELPHIA-Horsham, PA-based GMAC Commercial Mortgage Corp. arranges $2-million loans for a 33,450-sf Volvo and Volkswagon car dealership in Langhorne, PA and the 60,000-sf Elmwood Court I warehouse/industrial building in Sharon Hill, PA.
SUGAR LAND, TX-Interest ran high in the 15,009-sf headquarters, but the winner was Third Cross Copperstone of Houston. The plan is to occupy about 6,000 sf and lease the balance. Newmark's new 20,000-sf HQ is the neighbor.
ORLANDO-The unconventional nine-acre commercial/residential property at Jumbolair, FL, 80 miles northwest of Downtown Orlando, will house the actor's Boeing 707 jetliner which he flies regularly to the St. Petersburg-Clearwater International Airport to attend church services in Downtown Clearwater, FL.
SAN ANTONIO-Occupancy across the board picked up in the second quarter after two previous quarters of declines. The latest count puts occupancy at 92.72%. The increase, though, haven't erased the concessions.
PHILADELPHIA-The local office of Chicago-based international executive search firm Heidrick & Struggles is retained to find a new chief operating officer to handle day-to-day operations of the Pennsylvania Convention Center. Selection of a chief executive officer will follow.
DETROIT-Executive Capital Corp. sells the 224-unit, 16-year-old multifamily rental community to RPD Catalyst of Los Angeles, CA. CB Richard Ellis brokers in Detroit and Chicago handle the deal.
AUSTIN-Revenue is up $800,000 from last year at this time, but it's not enough to stave off a loss, says the Austin-based bingo hall and hospitality owner. Of the $237,109 backslide, $147,500 is tied to a legal settlement.
AUSTIN-Copy Sense, a photocopying service, moves in Aug. 1 to a first-floor spot in Austin's CBD. The Shidler Group and Angelo Gordon jointly own the structure, which is in the midst of a makeover.