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THE WOODLANDS, TX-D.R. Horton subsidiary, Dietz-Crane Homes, selects the Woodland Research Forest office building for its new divisional office. The tenant has signed for 3,754 sf in a deal negotiated by in-house representatives.
DETROIT-Finished proposals will tell whether a 32-story, 77-year-old Downtown landmark hotel will either receive a full exterior and interior renovation, or the wrecking ball.
SAN DIEGO-Sales of apartment projects were brisk through September as average monthly rents eclipsed the $1,000 mark countywide. Apartment sales through the first nine months of the 2001 were up 9% from a year ago, mostly due to a strong first half of the year, according to Burnham Real Estate Services.
NORTH RICHLAND HILLS, TX-A North Texas cold-storage developer buys a near three-acre tract in the bustling North Richland Hills for his 11th project in the metroplex. Sandford Investment will add 750 units to its 5,000-unit, three-state portfolio.
CHICAGO-In today's economy, investors still seem to have an appetite for well-located retail centers with grocery stores as anchors. The Safeway division of Dominick's Finer Foods anchor both centers, totaling 289,560 sf.
TAMARAC, FL-Sabal Palm Golf Course in Tamarac, west of Fort Lauderdale, has sold for $2.08 million. That's $1.71 million less than it sold for eight years ago.
ST. PAUL, MN-The total 111,646-sf acquisition from the St. Paul Port Authority equates to $52.85 per sf. The properties are the 87,646-sf Atrium office building; the 24,000-sf Coach Road building; and the north and west parking garages.
BINGHAM FARMS, MI-The retail REIT is paying out 25 cents per share compared to 42 1/2 cents per share last year. The company is also selling three properties to assist with debt and lawsuit expenses.
ROSEVILLE, CA- American Pacific Mortgage Corp. has subleased 15,000-sf in the former Prima Communications headquarters building. Prima, a publishing company recently acquired by Random House, still occupies part of the building.
HOUSTON-Ribelin Sales has found a taker for its vacant 57,600-sf industrial building, surplus real estate now that it's new structure is finished. The asking price on the northwest Houston site was nearly $2 million.