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DALLAS-Berkshire at Preston Center, a class A, 182,468-sf office building, is coming to market as its institutional owner opts to sell one of two Texas holdings. Its location, design and tenant occupancy are sure-fire magnets to swell buyer interest.
GREENWICH, CT-Starwood Capital Group Global reports that one of its Opportunity Funds, in partnership with Nomura Real Estate Development Ltd., has acquired a 151,327 sf building in Tokyo.
HOUSTON-Canyonlands Corp. has 122 acres in hand for a commercial project that will bring upward of 500,000 sf of retail and office. Yorktown Crossing is the last available tract for development at the intersection of Texas 6 and West Little York.
SAN DIEGO-San Diego Padres owner John Moores' right-hand man for the last seven years will step down as the team's president and chief executive officer, effective Oct. 31.
CHICAGO-Plan commissioners will consider a proposal by Maharishi Royal Residences LLC to convert the historic Blackstone Hotel into 73 condominium units with some retail space. The Landmarks Commission needs to hold a hearing.
ATLANTA-The 334-unit Crestmark apartments in suburban Douglasville, GA, 10 miles west of Downtown, was sold for $74,850 per unit to an unidentified buyer.
AUSTIN-The state capital's sublease market is taking a rest, says a regular market tracker in his latest report. A 2,000-sf decline is certainly not an indication that Austin's office market, which boasts about 2.9 million sf of sublease space, has stabilized.
DETROIT-A free "rent with equity" program sets aside 20% of rent for new home purchases for tenants in one of multifamily REIT Equity Residential Properties Trust's developments to buy homes built by Crosswind Communities.
LONDON-The latest Insignia Richard Ellis monthly index shows UK commercial property values down 2% compared to this time last year. Retail continues to be the worst-performing property sector.
CHICAGO-The Washington, DC-based hotel chain adds 265 rooms to the River North hotel market according to a proposal headed to the city council. Four lenders have expressed interest in financing the project.