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CORAL GABLES, FL-The Washington, D.C.-based company wants to build a national mixed-use assets portfolio of about $1 billion. Coral Gables is six miles south of Downtown Miami. The contract's value wasn't disclosed.
MIAMI-The proposal would prohibit tax-backed entities in Florida from imposing union labor requirements as a condition for bidding on public construction contracts.
DENVER-Dirt's flying on the $80-million WorldPort, an air cargo facility at Denver International Airport. Brokers already have several letters of intent in hand from tenants who want an airport address.
SAN DIEGO-A Los Angeles-based real estate investment banking firm has secured a $33-million interim loan for an expanding 542-unit apartment project for seniors in University City.
PETALUMA, CA-Orion Partners has brokered a handful of leases valued at more than $3.22 million recently for companies expanding or moving from higher rent areas. Most of the deals were for space in Sonoma County.
EDEN PRAIRIE, MN-SuperValu takes a $240-million restructuring hit and loses $1.7 billion in revenue with the defection of wholesale client Kmart. However, it plans to add up to 15 superstores and 120 smaller stores.
AUSTIN-Come May 14, the doors swing open to the 295-room Austin Marriott North, the first full-service hotel in Williamson County and the first one at La Frontera. It's also the sixth joint venture project for Winegardner & Hammons and Eagle Realty.
AUSTIN-The Texas Apartment Association is pushing legislation for special licenses to enable property managers to offer tenants' insurance at lease signing time. Opponent State Farm says the proposed bills threaten business.
HOUSTON-The city's getting its fifth Krispy Kreme and four more could be on the way. The franchisee says the timing's right to secure CBD space. A 10-year lease for 2,757 sf has been signed for 930 Main St. at McKinney.