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DALLAS-A local investor has outdone at least seven others jockeying for 10,500 acres within a 30-minute drive of Dallas. It's highly unlikely that the property will remain a working cattle ranch for much longer.
LOUISVILLE, CO-Income Property Specialists is attracted to the fully-leased 20,000-sf retail project's location along the growing US 36 corridor. IPS also has the 28,000-sf second phase under contract.
CHICAGO-The city gets an edge over suburban office space, but increasingly cost-conscious and trigger-shy corporate decision makers are frustrating brokers working in both markets here as more sublease space becomes available.
HOUSTON-Four tenants have finalized pacts for an aggregate 16,969 sf of office space in the metro area. Safety-Kleen has signed for the largest spot with BancTec USA in a close second.
MIAMI-The Florida Legislature closes the 2001 law-making session without final debate on two proposals to financing construction of a new $350 million baseball park with rebated sales taxes and parking surcharge fees.
TUCSON-In a first-time move, Grubb & Ellis Co. has sold a corporate-owned office. The buyer, a shopping developer, had been a Grubb & Ellis employee at one time. The Tucson office will carry the Grubb & Ellis name, but instead be an affiliate.
WASHINGTON, DC-Lower interest rates pushed the sale of existing condominiums and cooperatives to new highs, according to the NAR. Sales were up 5.8% over the fourth quarter and 8.1% over last year.
SHERMAN OAKS, CA-The class A property is located at 15165 Ventura Blvd, outside the sellers core geographic area. Douglas Emmett, on the other hand, already owns two buildings on the same stretch of road.
HOUSTON-Dirt will start flying May 15 on Chateau Court, a 13-acre undertaking of Hillcom Development. The groundbreaking kicks off hotel construction for the three-phase, mixed-use European-style village in the northwest submarket.