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SCOTTSDALE, AZ-The 210-room SunBurst Resort, positioned within 20 minutes of Sky Harbor International Airport, is predicted to draw offers in the mid-$20 million to mid-$30 million range, says Jones Lang LaSalle Hotels.
AUSTIN-That's not just any storage facility going up in North Austin. The developer has factored in a conference room and full-loading dock for added business appeal. Braker Storage Ltd. acquired the site from Suburban Lodges, which abandoned a plan to build.
S&P Assigns Preliminary Ratings to CDC Commercial Mortgage Trust Ser 2002-FX1NEW YORK (Standard & Poor's) June 12, 2002--Standard & Poor's…
SAN DIEGO-In the largest office transaction of the year in the county, DRA Advisors Inc. unloads a five-building office portfolio totaling 477,756 sf. The deal is valued at as much as $80 million.
ATLANTA-A four-story, 70,000-sf building for medical faculty is slated for a tight spot across from Emory University's Downtown-Atlanta Grady Hospital. The Atlanta office of HOK is the architect. Construction begins this July and completion is scheduled for September 2003.
SAN DIEGO-A local multifamily housing developer has kicked off a $19-million housing project for seniors in Downtown, the latest of several projects to kick off in recent months.
BELLEVUE, WA-Washington Capital Management Inc. buys the 20-story Downtown office project through foreclosure. The investment adviser snaps up the property on behalf of the pension funds of Locals 302 and 612 of the International Union of Operating Engineers, which provided a $22 million loan to the project.
PALM BEACH GARDENS, FL-Prison REIT Correctional Properties Trust files a universal shelf registration with the Securities and Exchange Commission. The registration statement allows the company to offer $250 million of its common stock, debt securities and warrants.
HAZLET, NJ-The newly completed Concord Center II, a class A property developed by Hi-Tech Properties, is being marketed by Cushman & Wakefield of NJ. The new building brings Concord Center to just over 100,000 sf.
ARVADA, CO-Redevelopment work as well as promising talks with major retailers are among the justifications for Moody's Investor Service to upgrade tax increment revenue bonds to Baa2 from Baa3.