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ATLANTA-The Dallas office of Holliday Fenoglio Fowler arranged $4.6-million financing for the 170-unit, 25-year-old property which is 70% occupied with unit rents ranging from $455 to $695 per month.
NEWPORT BEACH, CA- All 38 senior housing and long-term care facilities are located in Texas and were acquired in sale-leaseback deals from nursing and assisted living operations.
CHICAGO-J & A, LLC will use $6.85 million in Chicago Enterprise Zone revenue bonds to buy a 107,000-sf building at 4311 W. Ferdinand St. and use it as a warehouse, office space and training facility.
MOUNT LAUREL, NJ-Some deals are getting done, according to one observer, but most people are waiting for the economy--and the real estate market--to really turn around.
PHILADELPHIA-Local officials are losing patience with Indianapolis-based Simon Property Group's stall on development of the $329-million Penn's Landing entertainment center. They are asking the developer, which was chosen
CHICAGO-Chalk up another 13.7 million sf of retail space in the Mountain States, as well as 1.3 million sf of industrial space for the second-largest US retail REIT.
LONDON-Taylor Woodrow will start construction of K2, its 180,000-sf office building at St Katherine's Dock to the east of the City, following the pre-letting of 147,000 sf to Mercer Human Resource Consulting.
DALLAS-Realm Business Solutions, a provider for the real estate industry, is the second company this week to say its headquarters will be in Dallas. Realm starts moving in early August from New York City's Madison Avenue.
OAK BROOK, IL-Eight buildings near hospitals with 441,000 sf of space leased to members of the medical profession would be acquired by Great Lakes REIT, whose leaders have experience in the product niche.
STRATFORD, CT-Bally Total Fitness Center has opened a 20,000 sf location at the Stratford Square shopping center here, brining the 160,000-sf facility to near full occupancy.