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PHOENIX-Desert Canyon will open an chiropractic and sports therapy practice in its $600,000 buy at 8417 E. McDowell Rd. in Phoenix. In Mesa, Group G LLC has plunked down $305,000 for 948 W. 1st Ave., bought just for investment purposes.
SHAFTER, CA-State Farm Insurance leases half of a 168,000-sf, single-story industrial building at One Fanucci Way in the International Trade Transportation Center. The five-year deal is valued at $1.4 million.
PORTLAND-Most valuable among the surplus properties is the Ford Building, a 105,000-sf industrial facility at Southeast 11th Avenue and Division Street. It was built in 1918 as a factory for building Ford automobiles. The land and building are and now valued at about $3.6 million.
ORLANDO-Only about 15% of Daytona's tourists arrive by plane--a key reason for the area's improved condition following 9-11, the accounting firm says in its annual hospitality industry forecast. Tampa, Fort Lauderdale and Jacksonville should also recover quickly but Orlando and Miami areas will take longer.
ATLANTA-The deal with locally based Accent Management Group LLC comprises $1.77 million in new American Mortgage Services Inc. preferred stock and a $2.26 million debt owed to Lahaina. Lahaina will retain 9.9% ownership of AMSI after the sale.
NEW YORK CITY-O'Neill Properties offers the class A office space in Millenium III and IV complexes here for lease. Asking prices are $28.50 and $30 per sf respectively; total space offered is 235,000 sf.
CHICAGO-Syndicated Equities will buy the parking garage at 201 W. Madison St., which includes first-floor retail space anchored by Walgreen's, from New York-based Radiant Partners and cuts a small group of 1031 exchange investors in on the deal.
DALLAS-A vacant spot in Dallas' Twin Towers goes to Woodhaven Partners in a 68-month signing. The homebuilder now occupies an entire floor or 21,061 sf. In other deals, a DirecTV distributor and the company itself sign on dotted lines.
AUSTIN-Wayport, a hotel and airport Internet access provider, closes a second-round funding, attracting the likes of such investors as Invesco and Sevin Rosen Funds. The company services 450 hotels and nine airports in the US.
DALLAS-Creativity, free rent and patience will keep the Dallas CBD going until "the recovery." Wheeling and dealing brokers are managing to keep the city's core moving and their efforts should pay off by year's end, says one tuned-in researcher.