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HOUSTON-Now that the deals are done, R.J. Global Technologies and Design Gallery are making plans to move into the newly finished 91,450-sf Legacy Park Business Center. The incoming tenants are the first to sign, but interest is running high.
LOS ANGELES- Vacancy rates in Central, West, South, North Los Angeles and the Tri-City districts all ranged between 16% and 20% through the first quarter of the year, according to the latest report from Cushman & Wakefield.
EDEN PRAIRIE, MN-The firm credits a drop in short-term interest rates for interest in its "collar" loan program. The five deals include mortgages on 527 multifamily rental units and 24,000 sf of commercial space.
ORLANDO-In the biggest sale-merger package of its kind in at least 25 years, the Jacksonville, FL firm has sold Arvida Real Estate Services subsidiary to NRT Inc., the parent of Coldwell Banker Residential. In a related deal, Coldwell Banker and Arvida merged and will operate under the Coldwell banner.
BREMERTON, WA-City Council members will consider a zoning change that would allow buildings, such as schools, libraries and fire stations, to become office space.
ATLANTA-The Oak Brook, IL-based REIT bought the second, newly constructed 103,007-sf phase of the 403,007-sf shopping center from Charlotte-based Faison-Sofran II Partnership No. 11 for $13.2 million. Inland paid $30 million ($100 per sf) for the first 300,000-sf phase in December 2001.
NEWPORT BEACH, CA-Carneros partners will use the funds for the construction of Carneros Inn, a 96-room luxury resort hotel on a 16-acre parcel surrounded by vineyards in Napa Valley.
ATLANTA-The Texas company has developed two luxury apartment projects. In Gwinnett County, its 344-unit complex will rent from $600 to $1,100 a month, while the 224-unit Dunwoody project will go for $700 to $1,200.
SAN DIEGO, CA-A locally-headquartered health care firm has signed on for 170,000 sf in a six-story, 209,000-sf building Kilroy Realty Corp. is planning to develop in Del Mar.
PORTLAND-Continuing to fulfill its commitment to provide 2,700 new housing units on the 34-acre former Hoyt Street Yards, Joe Weston's Hoyt Street Properties is will have three projects totaling $100 million underway this summer that ultimately will add another 290 housing units to the Pearl District.