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  • Apartment Developer Eyes Profit of $2.65 Mil on $12 Mil Deal

    MIAMI-National Residential Properties Inc. will build a 60-unit complex on exclusive Bay Harbor Island for about $8.5 million, then sell it immediately to Royal Investments & Realty Group. Bay Harbour Island is nine miles north of Downtown.

  • Long-Time Tenant UOP Renews Lease for 5 More Years

    ANAHEIM, CA-With quality industrial property in short supply, UOP LLC opts to stay put at its current facilities, signing a long-term lease with owner Orangethorpe Properties LLC.

  • Codina Sets Up New Corporate Division

    MIAMI-The locally based real estate development and management company merges Codina Realty Services ONCOR International and Codina Real Estate Management into a group headed by John B. Geisen.

  • Flexible Sublets Attract Small Tenants Downtown

    LOS ANGELES-As an increased number of sublets stiffens competition in the county's office market, an LA-based tenant representative and a web-based listing service have joined up to sublet a Downtown space.

  • Future Mall's Property Taxes Paying for Pricey Interchange

    ORLANDO-The state's Department of Transportation didn't have enough funds to build the $35 million overpass at Interstate 4 and Conroy Road, so Michigan-based Forbes and Taubman companies pledged future city and county taxes of their 1.3 million-sf Mall at Millenia to cover the cost over the next 25 years.

  • Suburban Triangle May Finally Yield Gold

    BARRINGTON-A long-debated redevelopment of a Downtown site in this affluent northwest suburb appears on track. The James Co. and Mid-America Asset Management envision a 175,000-sf retail and office development with green space.

  • Developer Buys Memorial Park Headquarters Site

    HOUSTON-A new residential developer has secured title to a 5,000-sf warehouse that will serve as its corporate headquarters. The Memorial Park location is tailor-made for AMDB's focus on high-end projects, says the broker.

  • Mesa Top Heavy With Commercial Zoning

    PHOENIX-For the second time, a study has found that Mesa has far more commercially zoned land than the demand warrants, which could push the city to rezone entire swaths of land.

  • Stratum Executive Center Lands New Tenant

    AUSTIN-A Portuguese-based software developer has launched an Austin office, leasing space in the Stratum Executive Center. The 18,000-sf office will be used for project development and on-site customer training as well as the usual support services.

  • Reilly Closes $138.544-Mil in Multifamily Loans

    MCLEAN, VA-Reilly Mortgage Group closed a dozen loans using the Freddie Mac and Fannie Mae programs to finance garden and high-rise apartment complexes from New York City to Seattle, WA.