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GEORGETOWN, TX-The United Heritage Credit Union has secured 1.7 acres in the San Gabriel Village shopping center. The pad site will be used for a new branch location. The bank has seven offices in Texas, including one in Georgetown's downtown.
BOSTON-Starwood Hotels and Resorts Worldwide has another year to find financing for the 1,120-room convention center hotel being built on the South Boston waterfront. The extension means that the hotel will open a year later than the convention center, which is scheduled to open in 2004.
GERMANTOWN, VA-KSI Service's Kingsbury Crossing at Water's Landing opens, as new tenants move into the 143-unit apartment community. KSI spent $16.6 million on the complex, which sits along Interstate 270.
LAS VEGAS-A recent Grubb & Ellis forecast says Las Vegas' resiliency will keep it growing despite the hard economic times. The city always rolls with the punches. And, good opportunities will prevail for well-capitalized investors.
CHICAGO-Two years after Park Ridge, IL-based BJB Partners bought the 47,000-sf former Berghoff brewery for $1.35 million, it sells the property to a condominium developer for $4.5 million.
SEATTLE-Washington Mutual has provided $1.64 million in construction financing for the Fountain Heights Apartments, a 60-unit multifamily housing project in St. George, UT. Construction is expected to be completed in June 2002.
ATLANTA-Gilbert Road LLC sells 54 acres with convenient access to Hartsfield International Airport in Clayton County. Advantis Real Estate Services represented both sides on the deal. The land brings $14,000 per acre.
AURORA, CO-Zimmer Gunsul Frasca Partnership, which has designed children's hospitals in Portland and Los Angeles, is chosen for Children's Hospital's facility at the Fitzsimons campus.
VILLAGE OF PINECREST, FL-The village council of this affluent Miami bedroom community options 22 acres $12 million to turn it into a park. Homeowners are still not convinced the proposed management plan isn't a "cozy" deal with an unidentified group.