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AUSTIN-Emissary LLC seals a 5,626-sf sublease pact with Trilogy Software Inc. in Shepherd Mountain Plaza. Trilogy has been downsizing throughout the downturn to maintain its balance sheet, like so many of Austin's high-tech operations.
COLORADO SPRINGS, CO-The 296-unit Pine Bluffs Apartment at 6470 Timber Bluff Point sell for $90,000 per unit, a record for a project built here in the 1990s. Pine Bluffs LLC pays $26.64 million for the project.
KENT, WA-He admits to some slowdown and concerns about what the first few quarters of next year will bring, but industrial specialist Scott Alan with Colliers says the industrial market in Kent Valley is 'just fine.'
ALEXANDRIA, VA-Commercial property financier Henry S. Miller Capital Markets Group closes apartment loans to the tune of 28.9 million sf on three Virginia properties. A single loan of more than $20 million for one of the apartment buildings marks a personal record for the Texas-based firm.
LOS ANGELES-Oaktree Capital Management signs $5.4-million lease for an additional 25,000 sf of office space at Wells Fargo Center. The deal is latest sign to mark the comeback in the CBD, where vacancies have dropped to a 10-year low.
BROOMFIELD, CO-The deal is believed to be the largest commercial real estate loan for a single property in the Denver area. One Norwest Center sold for $208.5 million in 1999, but Commonwealth Partners borrowed $100 million.
LONDON-Westchester Property Holdings, the specialist out-of-town retail fund set up by property investor Grantchester and ex-retailer Tom Hunter has bought its first three properties and secured loan finance to buy more.
DUBLIN, CA-Property owners are starting to realize that high-tech office campuses may not bring the big payoffs they promised last year, and are leaning more toward residential and retail development.
DALLAS-Tony Roma's is testing the waters of an express concept, opening its first international venue in Caracas. One already is on line in Portland, OR. The prototypes coincide with a Netherlands Antilles franchise pact for a minimum of three restaurants.
THE WOODLANDS, TX-The Woodlands Mall anchor is building on a 2.72-acre tract along Ring Road. The project has just broken ground and will result in a 20,000-sf freestanding furniture showcase that delivers in March 2002.