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SAN ANTONIO-Eleven South and Central Texas stores are on the disposition for Wolfe Nursery as a result of a Chapter 11 bankruptcy filing since the year's start. Seven of the stores are situated in San Antonio.
LA MESA, CA-The 78-unit apartment project known as The Palms of La Mesa has been sold for $5.5 million. The two building apartment complex was built in 1970 and recently renovated by the seller.
ASHBURN, VA-The Howard Hughes Medical Institute selects an architect to design its massive biomedical science center, temporarily called the Janelia Farm research campus. New York's Rafael Vinoly Architects will draw up the blueprints for the 750,000 sf of research labs, meeting space and housing units.
TAMPA, FL-Brad Luger, the firm's executive director, investment services group, has closed $6 million in transactions since January of this year. He has been with Advantis since the Atlanta-based brokerage opened the Tampa office April 13, 1999.
NEW YORK CITY-Washington Mutual and North Bank--both in rapid-expansion mode--have signed leases for new Manhattan branches. WaMu has taken a space on the Upper West Side while North Fork will move into Midtown digs on Madison Avenue.
DALLAS-Massachusetts Mutual Life Insurance Co. possibly called its note against a Denver limited partnership for the 366,549-sf Three Forest Plaza. Street talk says "yes," but Foreclosure Listing Services says it hasn't passed its way as yet.
BIRMINGHAM, AL-The multifamily, office and retail REIT is paying first-quarter dividends to holders of record on March 15 on two series of preferred shares on March 29. The Alabama-based company owns 108 multifamily, office and retail properties in the Southeast and Texas.
AUSTIN-The 201,155-sf Gateway Market and 41,377-sf Gateway Courtyard provide the collateral for a $22-million financing from Nationwide Life Insurance. SMP Interests developed the properties in 1995 in one of the city's most concentrated retail corridors.