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DALLAS-The Dallas-based WebRealEstate.com is bolstering its property database, using a unique strategic alliance with TXU Energy Services. The deal, in the works for five months, aims to leverage TXU's market share in light of energy deregulation.
SEATTLE-The eight overlay districts, one for each proposed station, are intended to discourage auto-oriented development and increase opportunities for housing near transit corridors where light rail stations are proposed.
SCOTTSDALE, AZ-A 20,000-sf office-warehouse has changed owners for the second time in a year. A Nebraska couple pays $2.2 million to a South Bend, IN investor, who bought it last year for a little more than $1.6 million.
POTOMAC, MD-Firm seeks $2.8 million for a potential rehab-development property in the District and is asking $14.7 million for a fully occupied suburban apartment community.
SURFSIDE, FL-Invsco Acquisition Corp. pays Orlando-based ACP-Heritage II $19 million or $165,217 per unit for the 10-story, 33-year-old, 115-unit Carlisle on the Ocean in this seaside community, nine miles northeast of Miami.
ATLANTA-The locally based shopping center investor/developer posted net earnings of $13.9 million or 45 cents per diluted share versus $15.6 million or 47 cents per diluted share last year.
DENVER-A switch from a local building contractor from a national contractor is blamed for the delay of @Lightspeed's opening of a 180,000-sf facility at East 43rd Avenue and Brighton Boulevard.
HOUSTON-Crescent Real Estate Equities' Houston office will continue to manage the 560,000-sf Westlake Park in a deal that puts 80% ownership into the hands of General Electric Pension. Crescent pulls in about $120 million in a two-building deal.
WOOD-RIDGE, NJ-The Goldman Sachs affiliate has sold the two-building property to Starfire Lighting, which will occupy it jointly with an existing tenant, Topcon.