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DENVER-Chateau Communities has added 288 sites to its Indiana portfolio, paying $5.4 million for the Indianapolis-area property. The REIT now owns six properties in the region and 11 statewide. A REIT exec says Hoosier Estates has right operating potential.
MIAMI LAKES, FL-The former controller of the locally based company's properties division will manage the fiscal operations of the firm's office, industrial and retail divisions. Miami Lakes is 11 miles north of Downtown
JEFFERSON CITY, MO-The Truman Sports Complex, Kemper Arena and Municipal Auditorium in Kansas City; a new Cardinals stadium and Savvis Center in St. Louis; and a new arena at the University of Missouri in Columbia would get funds.
PHOENIX-One of the nation's largest financial institutions is leaving Arizona to focus on its Midwest locations and is selling its assets to the sixth largest bank in the state.
BONITA SPRINGS, FL-The locally based developer of luxury single-family and multifamily products signs $236 million in contracts over the three months ended March 31. Bonita Springs is 105 miles west of Miami.
NEW YORK CITY-The dot-com delivery service Kozmo has closed its doors, and Yahoo! has confirmed rumors that they will cut their work force by 12%. What does this mean for the real estate community?
SAN DIEGO-A Lebanese group from Los Angeles has sold some vacant land at the southwest corner of Carmel Creek and Shaw Ridge roads in the Carmel Valley area.
SACRAMENTO, CA-The biggest project is now a 116,000-sf building in the Folsom Corporate Center located off Highway 50. It was announced as a 104,000-sf project back in October, but recently expanded the project to keep up with expected demand.