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DALLAS-About $500,000 in upgrades are under way at the 243-unit Dallas Royal Oaks, which has just changed hands. The 25-building property in southeast Dallas also gets a new management company in the deal.
ORANGE COUNTY, CA-Local Grubb & Ellis office brokers two deals with out-of-state firms totaling $12 million. The deals involve sale of the Art Institute Building in Los Angeles and lease of an industrial space in Fullerton by a linen manufacturer.
HOUSTON-The Great Indoors is headed to Houston, where parent company Sears has just acquired a 12-acre tract. The property is located off Interstate 10 and east of Beltway 8 in an established retail corridor.
THOMPSONVILLE, MI-A new clubhouse, which will be topped by 12 condominiums, is part of a 10-year plan, along with other resort expansions such as another golf course and more ski slopes.
STAMFORD, CT-Three brokers working out of Cushman & Wakefield of Connecticut offices here--Stephen Baker, Jay Hruska and Paul Kauffman--have been named among the firm's top 100 brokers for the year 2000.
IRVINE, CA-An industry analyst says there is more parity today between REIT shares being traded on Wall Street and value of the underlying real estate.
ELMSFORD, NY-Wilder Balter Partners LLC reports that its Brookview Gardens senior housing development in Babylon, Long Island has been awarded a $1.2 million grant from the Federal Home Loan Bank.
CARROLLTON, TX-The metroplex's 15th largest builder is gearing up crews to redo a recently bought property into its corporate headquarters. Pacific Builders says it's time to buy not lease, giving up a spot it's had for 10 years.
ROUND ROCK, TX-Opus South is prepping for a 241,000-sf addition to Crystal Park, a holding of more than 42 acres. The latest project consists of two buildings slated for near back-to-back deliveries in the fall.
WASHINGTON, DC-Dipping consumer confidence has led most retail real estate companies to lower expectations this year, but an analyst says because of long-term leases, most are somewhat buffered by lagging retail sales.