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ATLANTA-Homebuilder Kara Construction & Development goes commercial on a 6.3-acre vacant property it bought from locally based M.D. Hodges Enterprises for $475,000 or $75,397 per acre.
CHICAGO-The 700,000-sf, 18-story residence hall jointly developed by Columbia College Chicago, DePaul University and Roosevelt University will be the largest shared student residence hall in the US. Occupancy is expected by the fall semester of 2004.
INLAND EMPIRE, CA-The state funded organization, Ability Counts Inc., will occupy 37,000 sf of industrial space in Corona and 33,248 of industrial space in Riverside. The transactions have a combined value of $2.2 million.
ATLANTA-Mike Shelly, long-time owner rep at Downtown's Peachtree Center, resigns to cross the street and market developer Richard Bowers' 305,000-sf office property at 260 Peachtree Tower.
AUSTIN-A historic building in Austin gets a new owner in an expansion plan while a newly completed shopping center in San Antonio gets a new tenant, 100% occupancy and a listing to sell by its merchant builder.
LONDON-The indomitable residential market is wobbling. The RICS's residential lettings survey for England, Wales and Scotland for the three months to April 2002 posts its first gloomy warning on lettings
MINNEAPOLIS-KKE Architects wins the other Principal's Award from the Twin Cities chapter of the Construction Specifications Institute. The school gets recognition for its architectural drafting and estimating program.
WASHINGTON, DC-Two Class B buildings accounting for 215,000 sf of space sell for $48.125 million in a package deal to AEW Capital Management, acting on behalf of Lucent Technologies Inc. Master Pension Trust.
SAN ANTONIO-The lone combo gas station and convenience in San Antonio is gone from the portfolio of Mid Tex Oil Co. The local buyer gets to keep the Texaco star that is attached to the holding. More Mid Tex sales could be coming.
SEATTLE-ONCOR International, a group of 50 privately-owned commercial real estate firms, names Pacific Real Estate Partners as its new Puget Sound representative.