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AUSTIN-An immediate expansion plan is under way at one of two JP Morgan holdings that have just been bought by Kennedy-Wilson. The San Antonio buys add 385,465 sf to Kennedy-Wilson's two million sf San Antonio portfolio.
MOUNT LAUREL, NJ-After three decades of legal wrangling and three trips to the State Supreme Court the low-income housing that Ethel Lawrence wanted to build here is finally a reality.
SAN DIEGO-In the latest in a spurt of industrial activity in Poway, Mararisk LLC has purchased the 147,907-sf Parkway Commerce Center in a deal valued at $12.5 million.
ALEXANDRIA, VA-Terms of the purchase weren't disclosed, but Crescent plans to continue with plans to develop the site as proposed by former owners Commonwealth Atlantic Properties. The Potomac Yard Retail Center was not part of the deal.
HOUSTON-The 1.53-million sf Willowbrook Mall has changed hands, falling into a joint venture portfolio of General Growth Properties and the New York State Common Retirement Fund. The mall has brought in $144.9 million for the pension fund seller.
DENVER-A Cushman & Wakefield apartment broker predicts a solid year in Denver despite economic slowdowns. Pent-up demand and strong demographics will carry the region. The average price, reaching an historic high last year, came in at $69,963 per unit.
ROSEMONT, IL-Top producers at Colliers Bennett & Kahnweiler Inc. are going on an all-expenses-paid vacation at the Ritz Carlton - Rose Hall in Montego Bay, Jamaica. They earned membership in the 2000 Everest Club.
BLOOMFIELD HILLS, MI-The creative financing firm founded in 2000 by Paul Tobias and James Weissenbom thinks its found a niche in Detroit area. The new business takes 3,000 sf at 38710 Woodward Avenue here.
KANSAS CITY, NORTH-Relief will come in the form a new $40 million, 15,000-space lot. The city currently has 17,400 parking spaces at KCI. However, parking is near capacity this week during construction and spring break.