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DALLAS-Commercial real estate investment could end up the beneficiary of the ups and downs of today's stock market. It just makes sense, say North Texas executives. And this region could be the big winner in the heavy stakes game.
BRECKENRIDGE, CO-Vail Resorts is getting ready to break ground on its first project in Breckenridge. The $87-million undertaking ultimately will add 188 units to the market. Meanwhile, Vail officials are courting the town to build a nearby gondola.
HOFFMAN ESTATES, IL-The retailer grabs 18 stores and 10 auto centers from one of its former competitors, bankrupt Montgomery Ward. About 25% of the Ward's portfolio has been sold off.
ORANGE COUNTY, CA-Industry experts say the need for affordable, multifamily housing is still outpacing new construction. That's because few large complexes are being built.
GAITHERSBURG, MD-Construction has begun on Washingtonian Two, a mid-rise, 285,000-sf office tower. According to the building's owner/developer, Marriott International has already committed to a 15-year lease on the entire building.
HOUSTON-Harris County's Mental Health/Mental Retardation Authority has signed for 8,805 sf in the Westchase submarket. The authority will locate its Southwest Family Resource Center in the Plazer Properties' holding.
PRINCETON-The closings were expected. In fact, when the merger was announced late last year the top executives of both banks indicated as much. Now the official numbers are in on just what will go.
DALLAS-EastGroup Properties has added a fourth building to its northwest submarket portfolio, paying nearly $3.9 million for the 122,570-sf Stemmons North. The REIT's president and CEO says upward of another $40 million has been earmarked this year for industrial buys.