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PHOENIX-Another Valley apartment complex has changed hands. In this sale, a Tucson firm has spent $4.4 million for the 142-unit Cobble Creek. A New York-based investment firm is the seller.
HOUSTON-An ad agency's downsizing has sparked a tenant shuffle in the 25-story BHP Tower. McCann-Erickson has subleased its space, inked a bridge lease and a more permanent pact all for the same building.
LOS ANGELES-The city's efforts to put the glitter back in Tinseltown marks another milestone today, with a topping-out ceremony at TrizecHahn's $130-million Hollywood Renaissance Hotel.
ORLANDO-Mitsubishi Heavy Industries America Inc. of Newport Beach, CA has selected the 155,000-sf, 75%-leased Colonial Center 100 building being developed by Colonial Properties Trust in suburban Lake Mary, FL.
WASHINGTON, DC-GMAC's hospitality division provided the permanent financing for three hotels, two located in Texas and one in Arizona. Different investors own all the three hotels.
LONDON - Taylor Woodrow Property Company has completed its letting campaign at 26 Throgmorton Street, London EC2 and now it plans to sell the investment.
BOSTON-In the latest round between the FAA and City Hall over the Fan Pier project, City Hall accuses the FAA of linking the building heights to the runway the FAA wants built at Logan Airport.
SAN DIEGO-The San Diego City Council, sitting as the Redevelopment Agency, voted unanimously to raise its stake for acquisition of land for the stalled ballpark project from $61 million to $77 million.
ORANGE COUNTY-Area brokers say the industrial real estate market here is still performing strongly despite a slowdown in the county's manufacturing sector that has affected production, employment and new orders.