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HOUSTON-Houston-based One Stop Wash 2 acquires a 57,543-sf industrial building and seven acres in the city's near southeast submarket. The property carried a $795,000 asking price. The buyer eyes two abutting tracts to push a mixed-use project for the site.
AUSTIN-It's taken longer than expected to get the project off the ground, but the time has finally come. The Shidler Group has carved out a host of changes for its 164,741-sf One Commodore Plaza in the CBD. The top-to-bottom makeover begins.
CARROLLTON, TX-An ongoing relationship between NorthMarq Capital's Dallas team and a Manhattan-based lender kept an acquisition loan alive in the aftermath of Sept. 11. The five-year loan finally closes for Carrollton's 150-unit Lakeside Apartments.
LEAGUE CITY, TX-More than 70 properties were screened before CA-based Drever pushed forward on a buy strategy that targets distressed properties or ones in overbuilt locations. The 201-unit Moorings in League City best suited the buyer's MO.
BOSTON-An entire team at Trammell Crow resigns and signs on with competitor Cushman & Wakefield. The Investment Services Group is among the top investment teams in the city, selling over a billion dollars assets in each of the last three years.
PHOENIX-Marriott Hotels is poised to sell the surplus land from a 192-room hotel project that is in the final planning stages. About 4.2 acres of an 8 1/2-acre tract is coming to market. Interest is high in the Camelback Corridor land, says the listing broker.
NEW YORK CITY-Brookfield Properties announces its second major refinancing this year: a $240 million mortgage on an office complex it acquired last year. The company was scheduled to reopen one of its Downtown properties this morning, but the event has been postponed indefinitely.
DENVER-The writing's on the wall for Denver's Uptown, which loses its 100-year-old anchor to Fitzsimons medical center. Children's Hospital will build a $400-million, 900,0000-sf facility and exit Uptown in 2006. The mayor's calling up a task force.