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NEW YORK CITY-Well known among local residents as well as artists and dabblers throughout the city, Lee's Art Shop is taking space on at least two additional floors of its French Gothic Revival home.
SAN ANTONIO-The 13-story, 177-room historic hotel is poised to reopen in June although the grand opening won't be until July. The final stage gets under way as crews begin a New York City-image makeover of the restaurant.
PHOENIX-Wild Goose Enterprises negotiates the 13,000-sf building to within $15,000 of the $650,000 asking price by Guenther Trust. The seller owned the single-tenant building for five years.
NEW YORK CITY-It wasn't the money, it was a vision thing, Grubb & Ellis chief Barry Barovick tells GlobeSt.com. The firm is not for sale, he says. But if another unsolicited offer came along, he would have a fiduciary responsibility to listen.
MIAMI-The Englewood, CO-based developer/investor sold the 221-unit, 96%-leased Cameron Cove Apartments in Davie, FL, Broward County to Henderson Investors North America Inc. of Hartford, CT for $57,692 per unit.
LONDON-Countryside Properties and Liberty Property Trust have pre-let Aymer House, a 47,461-sf office building in Chertsey, Surrey to Compass Group in one of the few substantial office lettings around the M25 so far this year.
WARM SPRINGS, OR-Members of the Confederated Tribes of the Warm Springs vote to build a 113,400-SF casino in the Columbia River Gorge. More than 75% of the 940 voters who turned out favored the casino.
LONDON-Lehman Brothers has bought a 23.5% stake in the consortium led by Brack Capital that has made an agreed bid for Haslemere, the Dutch-registered UK property company.
DEERFIELD, IL-Vision Realty Partners, Ltd. pays less than $100 per sf for a four-building, 113,332-sf office portfolio from Bloomington, IL-based Country Life Insurance Co., which acquired the buildings through foreclosure.
DALLAS-It's sort of an "all in the family" play as the Corsair Group buys a 71,250-sf, four-building industrial complex fully leased to one of its principals' business interests, says a broker. Temple-Inland Properties is the seller of 5615 Military Parkway.