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ORLANDO-An unidentified Texas limited partnership paid ECD-Martin's Landing of Orlando $13.9 million or $44.57 per sf for the 17-year-old, 419-unit property in the north Orlando subdivision of Rosemont.
CHANDLER, AZ-The region's top-draw this year, multifamily sales, sees a deed transfer of the 160-unit Reflections of Gila Springs, a lakefront property in a Chandler suburb. The seller is from South Bend, IN and the buyer hails from Santa Monica, CA.
AUSTIN-This morning, Austin's leading economist takes to the dais as he goes against the norm to update his January forecast, one more time. Usually, one forecast suffices. The Commercial Real Estate Brokers of Central Texas gather to hear the latest.
DALLAS-Richardson, North Dallas and Lewisville buildings gain new tenants in a trio of leases sealed in the past week. The largest deal puts a Washington state high-tech firm into 38,103 sf in Richardson, marking its first official Dallas-Ft. Worth office.
AUSTIN-Travis County is gearing up to open a command center in a recently acquired office building in the Lake Travis area. A software company exited its leased site, bought from Lakeview Holdings, in anticipation of the takeover.
DENVER-Durango has a 0.9% vacancy rate, the lowest in the state. Colorado Springs' vacancy rate was 5.4%, highest since the first quarter of 1999. The average rent for the state rose 4.25% to $785.
PORTLAND-The Portland-based truck manufacturer, having already shed 1,850 local jobs and planning to hit 2,500 layoffs soon, is seeking approval of a wind tunnel research lab that would extend into Swan Island Lagoon.
DENVER-Barbara Lambert, former CEO of the Sacramento Association of Realtors and Greater Northwest Indiana Association of Realtors, takes over from Brad Benson, who remains in Denver as a real estate consultant.
CHICAGO-Building owners and their tenants began to rethink security measures in the wake of Sept. 11, and they are already reporting heftier premiums for less insurance coverage when policies come up for renewal.
MIAMI-The Miami-Dade County Commission is expected to approve a bid program today that could create multi-million dollars in joint-venture opportunities for real estate developers.