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SEATTLE, WA-Developer Val Thomas tells GlobeSt.com his140-unit Klee Lofts and Suites development is on target for fall completion despite an underground river unexpectedly discovered as the project was breaking ground.
DALLAS-It's been a long time since Amli Residential Properties has sold a Dallas-Ft. Worth property. In a buy one-sell one tactic, part of the $38.4 million realized from selling the 690-unit AutumnChase in Carrollton has gone to buy Stonebridge Ranch in McKinney.
SAN MATEO, CA-The REIT will continue to recycle capital with property purchases and sales and stock repurchases, according to the chief operating officer. Along those lines Glenborough recently leased the entire fourth floor of a new office building downtown here to Merrill Lynch.
ATLANTA-The 941,200-sf Metro Technology Center Atlanta is offering its tenants an uninterrupted supply of electricity with the opening of its multimillion-dollar, 120mVA Jefforson Street substation in Midtown.
LOS ANGELES-Privately held Steadfast Lakeview Terrace pays $7.3 million to an affiliate of Spieker Cos. for 128-unit apartment complex in the San Fernando Valley community of Pacoima.
DALLAS-A $350-million credit facility is the push that's been needed for Meditrust Cos. to declare success for a turnaround plan. The freshly closed deal and moniker change to La Quinta Properties complete the health-care exit plan and lodging industry refocus.
NEW YORK CITY-In addition to rolling out an upgrade of its real estate financing software, the company has acquired LegalDocsNow!, a system that automates the production of legal documents.
ORLANDO-The 77-year-old retailer is phasing out its 18-months-old soft goods Bargain Outlet division and giving the estimated 25,000 sf of space in each store back to the company's core hardware business. The home improvement merchant, based in Winter Haven, FL, has 85 stores in Florida and Georgia.
ORLANDO-Maury L. Carter & Associates Inc., the local guru of buy low-sell high strategy, has co-brokered four land deals totaling 896 acres and three building transactions totaling 53,189 sf in the all-cash deals.
CAPE MAY, NJ-The 31,000-sf facility is more than just a place to "catch the boat" for the 1.3-million people and 400,000 cars that use it every year to get to Lewes, DE.