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CHULA VISTA, CA-One of the nation's largest real estate investment trusts reports that its apartment value fund has sold a 500-unit luxury apartment community located in this South County community.
ANAHEIM, CA-Completed in 1968, the facility contains a mix of studios, one-bedroom and two-bedroom units. It was near full occupancy at the time of sale, with only five units vacant.
AUSTIN-A Central Texas group, led by Austin's chamber of commerce, is making tracks south to court companies that might be interested in expanding. A week ago, the group trekked to Boston for the same mission.
BLOOMFIELD HILLS, MI-Funds from operations per share increase 11.4% while the company completes sales and purchases of assets during the first half of 2002. A low interest-rate environment also helps, the company admits.
DALLAS-Paul A. Nussbaum, a former Mack-Cali director, and four Dallas office buildings are together again in a real estate play that's been working for nearly a year. Nussbaum is joined by four other prominent players to make the winning touchdown.
OAKBROOK TERRACE, IL-From the new Church Street Plaza to the Streets of Woodfield as well as several suburban strip centers around several submarkets, Mid-America Asset Management, Inc. arrange a flurry of smaller leases.
ALLEGAN, MI-The state and city provide $640,000 in tax abatements to drug maker for its new building, keeping the company and its 25 additional jobs in the state rather than seeing them leave for South Carolina.
CAMBRIDGE, MD-The oft-rescheduled opening of the $74.4 million Hyatt Regency Chesapeake Bay Golf Resort, Spa and Marina is planned to take place on Aug. 29, too late for the summer rush but just in time for the start of the Labor Day Weekend.
OLD BRIDGE, NJ-The retail real estate firm is looking for sites in the Garden State for three restaurant operators, two personal care chains and an art gallery.
DETROIT-Made In Detroit is negotiating to convince banks that its mixed-use residential and golf course development is still viable. A scheduled May 9 auction was delayed until Thursday.