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ATLANTA-The locally based utility is acquiring a 640-megawatt, natural gas-fired power plant in Thomaston, GA and a 480-megawatt, gas-fired plant in New Port Richey, FL. The prices of the properties weren't disclosed.
TUSTIN, CA-The Laguna Hills-based developer has paid $10.1 million for the property, which is approximately 95% occupied. Location was a major incentive in the decision to buy.
PHOENIX-Bethesda, MD-based AMI Capital Inc. has put together a $925,000 refinancing package for the 10,265-sf Summit Office Building. The fully leased class B property is located at 4144 N. 44th St. in Phoenix.
ANAHEIM, CA-The building, which encompasses 22,102 sf, has been purchased by Specialty Restaurants Corp. It is the latest in a rash of industrial transactions to occur across the county, as the decline in manufacturing activity has begun to ease up.
TOLEDO, OH-Health Care REIT Inc. will use the 7.775% money to repay debt and add to its portfolio of 203 health care facilities in 33 states. Deutsche Banc Alex. Brown and UBS Warburg are joint-lead managers.
NEW YORK CITY-Since June, leasing in Midtown is up 29%, in Downtown it has risen 15% and Midtown South has seen a 46% boost. Although most of the deals are mid-size transactions, about 40 companies are looking for 100,000 sf and more.
FREEHOLD TWP., NJ-The Pennsylvania-based residential developer, which recently presented its proposal to the planning board, wants to open the first units next year.
HOUSTON-Chicago-based AMLI Residential adds another luxury complex to its Houston portfolio, which contains 2,505 units. The latest buy is the 334-unit Augusta Apartment Homesin Houston's Medical Center District.
ORLANDO-Wingstop Restaurants Inc. founder Antonio Swad, envisioning a national chain of fast-casual sites, has signed three new franchise development contracts in Orlando, Gainesville and Tallahassee. Average weekly sales at the 32 existing locations in six states are $13,000.
Analysis of current office trends in class A and class B buildings in the Downtown Washington market indicates a surprising flattening in the growth rate…