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ATLANTA-Locally based M.D. Hodges Enterprises has acquired the total 1.25 million-sf, 14-building Barrett Distribution Center and Kennestone Corners from Northwestern Mutual Life Insurance Co. for $41.94 per sf in one the area's biggest industrial sale of the year.
PORTLAND-Local developers Homer Williams and Gordon Sondland add John Carroll to their joint venture, decide to delay the hotel because of the current market and begin gearing up to develop the condominiums, which will now be built in one taller tower instead of two shorter ones.
EMERSON, NJ-Principals of developer 452 Old Hook Road Associates will occupy most of the facility, which also received a $3.3 million construction loan in a transaction arranged by Palisades Financial.
WAYNE, NJ-Work on the redevelopment of the former Pointview Corporate Park is just underway, with Gale construction tapped by the toy chain to manage the project.
PORTLAND-Despite Oregon's slight reduction in unemployment rate last month, the March payroll employment figures show Oregon has been slow in seeing signs of an economic rebound, says the latest monthly report from the Oregon Employment Department.
ORLANDO-The four-year-old, Memphis, TN-based vacation rental property management company will be marketing and managing the 543-unit, 31-story Tidewater Beach golf-front condominiums scheduled to break ground by summer in Panama City, FL, 250 miles northwest of Downtown Orlando.
BLOOMINGTON, MN-The deal involves six office buildings totaling 718,000 sf, led by Rosedale Corporate Plaza, a 234,000-sf, five-building office complex located at County Road C and I-35W in suburban Roseville.
AURORA, CO-Colorado University real estate students increased the value of the land from about $50,000 an acre to about $150,000 per acre, helping produce a $7.6-million purchase price for the 57-acre site.
AUSTIN-In a city with tough entitlement processes, a developer decides to retreat from his building plans and put the whole shebang on the market. Rob Roy 360 is a 16-acre site, of which three can be developed along Loop 360.