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EULESS, TX-Fairfield Residential has closed its second land buy this summer for a multifamily project in Euless' Villages of Bear Creek. The developer is now positioned to push full speed ahead on the development of upward of 600 units.
HOUSTON-Too little information is available, say citizens questioning the terms of a proposed port merger between Houston and Galveston. A Houston port insider says the basics are place, but a full-blown report would just be too costly at this stage.
POWAY-A local architecture firm has been awarded the contract for the architectural and interior design of the new 94,000-square-foot facility for a high-tech firm.
McALLEN, TX-For the past two years, maquiladoras have been responsible for generating upward of 2.6 million sf in projects to a base of about 11 million sf. Another 1.5 million sf is planned and more is sure to follow as border trade restrictions ease.
LOS ANGELES-Sources tell GlobeSt.com that Trammell Crow will demolish the Shubert Theater and the rest of the ABC Entertainment Center, perhaps as early as next year. Buildings will be replaced with two office towers and retail space.
PHOENIX-The latest multifamily report has Phoenix lagging behind its southwestern counterparts of Tucson, Las Vegas and Albuquerque. Despite negative absorption of 1,451 units, another 2,583 apartments got under way in Q2, says Hendricks & Partners.
SAN FRANCISCO-With $600 million in equity, SRI Six is the largest fund sponsored by Shorenstein to date. Investors in the fund include foundations, college endowments, pension funds and high net worth individuals. Shorenstein has committed $75 million of its own capital to the fund
YOSEMITE, CA-The Tenaya Lodge, a 244-room resort, is acquired by Delaware North Parks Services Inc., a leading provider of hospitality, lodging, food service and visitor services at state and national parks, including Yosemite.
WESTMINSTER, CA-Private investor acquires the 8,500-sf property from K. Co. The vacant building could be converted to a community center or police substation.