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SAN ANTONIO-The 280-unit Dominion Park in San Antonio's northwest submarket secures a $17-million loan, carrying a 7.08% interest rate after construction. The Centex Homes project will neighbor USAA, one of the city's largest employers.
EULESS, TX-Bennett Realty Group is lining up a world-class team to design a town center on 218 acres once ticketed for a regional mall. Two million sf of office, 500,800 sf of retail and entertainment, two hotels and 1,500 lofts and condos are now being planned.
GILBERT, AZ-A three-year-old neighborhood center, Bayshore Plaza, brings $4.3 million for Vestar Development of Phoenix. The 27,687-sf center is positioned at the eastern gateway to the Islands, an 800-acre residential community.
ESCONDIDO, CA-The Escondido Mercado, an eating and shopping district patterned after Old Town San Diego, would spruce up an aging industrial area of this North County town, according to city officials.
COSTA MESA, CA-Los Angeles-based Latham & Watkins LLP plans to stay put at 650 Town Center Dr., as the law firm has inked a 10-year lease for 70,000 sf here. The 21-story building is located in The Offices of South Coast Plaza, which includes about 1.4 million sf of landmark office properties.
SUGAR LAND, TX-A residential lighting distributor that started out seven years ago in just 5,000 sf has signed a lease for 22,535 sf. The firm has expanded several times. This time, buying was discussed and then ruled out due to the unpredictable growth.
SAN DIEGO-State officials have unanimously approved the 1,200-room Campbell Shipyard and the 250-room Spinnaker hotel near the San Diego Convention Center.
NEW YORK CITY-$44.25 million in acquisition and construction financing has been secured by a locally based developer for an Upper West Side warehouse that is to be redeveloped as a loft-style residential property. The building is best known to West Siders for the scaled down Statue of Liberty on its roof.
BELLEVUE, WA-John Howie is opening Seastar Restaurant and Raw Bar in Civica Office Commons, a new two-tower, 300,000-sf development in Downtown Bellevue owned by Schnitzer Northwest. The 8,000 SF lease completes the lease-up of Civica's retail space.
FORT MYERS, FL-Agri-Insurance Co. Ltd is paying $237,500 per acre to buy back 40 acres adjacent to 1,200 acres that it recently sold for about $12,000 per acre near Southwest Florida International Airport, Florida Gulf Coast University and a future mall.