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MIAMI-New York-based Related Capital Co. is investing $11 million in debt and equity financing to develop the 160-unit, three-building Colonial Park Apartments in Margate, FL, 32 miles north of Downtown Miami.
DALLAS-Winston Capital's new name, J. Scott Rodgers, hails from First Worthing and JPI. He will be steering the newly formed development company. The plan brings a closing in 60 days on a Central Dallas tract and a project start along Wycliff.
STAMFORD, CT-AvalonBay Communities has acquired Avalon at Greyrock, a 306-unit high-rise in downtown Stamford for $69.9 million. The move greatly increases its presence in the lower Fairfield County marketplace.
MARTINEZ, CA-A decision on the Camino Tassajara Integrated Project proposal was delayed after opponents lined up at a Board of Supervisors meeting for nearly 10 hours to voice their opinions on the project.
SAN ANTONIO-The center will have ice for recreational skaters and another sheet for the pros. Booking ice time in advance is the city's minor league hockey team. Interest is sure to grow with the team's presence, say the developers.
OXNARD, CA-The San Juan Capistrano-based company nets nearly $1 million in the sale of the land parcel to Sanwall Properties. The Oxnard site is located at the northwest corner of Lambard and Wankel.
NEWPORT BEACH, CA-The Newport Beach-based REIT will pay out a dividend of $.43 per common share on July 12, 2002. This reflects an increase from the first quarter dividend, which was $.40 per common share.
ASHLAND, MA-The town's planning board wants to rezone three parcels totaling 134 acres to allow a housing development but residents are concerned about the impact of additional housing on the town.
DALLAS-First Bank & Trust has spent $1.4 million for branches in Denton and Garland. The bank now owns five locations in North Texas and three in Houston. But, bank execs are scouting for land and eyeing an expansion of the new asset in Denton.
SCOTTSDALE, AZ-A 21,064-sf office building in North Scottsdale attracts the attention of Arizona-based Rowland Cos., a homebuilder now planning to move its headquarters from Phoenix. A contract's out on another building, leaving four to go.