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SAN FRANCISCO-LNR Property Corp. and its parent company Lennar Corp. purchased the property in 1999 for $15.2 million. The site is fully entitled for 187 market-rate residential units and 51 below-market residential units.
KANSAS CITY-The Clearwater, FL-based fast-food restaurant chain opens two new locations and purchases three existing Checkers in the market. The two new locations are in southern Johnson County.
HOUSTON-A 145-unit apartment complex at Rice University has found a new owner in acquisition partners Transworld Properties and Allied Realty Services. The buyout team has secured title to a top holding near the high-traffic Loop 610.
SEATTLE, WA-The 87,555-sf space came with the company's acquisition of Go2Net last fall. The company is now considering vacating that site and consolidating offices, but only if it can find a tenant. About 1.3 million sf of sublease space is said to be on the market.
CANTON, MA-This area's commercial potential is demonstrated by Stream International's expansion of its worldwide corporate headquarters here. Stream now leases an 80,000-sf building. The company is an international service provider of e-technology.
BOCA RATON, FL-The deal would marry a Boca-based homebuilder that produced $884 million in revenue and delivered 3,573 homes over the 12 months ended Oct. 31, 2000, with a Houston-area homebuilder that produced revenue of $641 million and delivered 2,499 homes over the 12 months ended Dec. 31.
ORLANDO-Realvest Partners Inc. of suburban Maitland plans to break ground in May on the first 100,000-sf phase of a 350,000-sf industrial park off the central business district. Three multifamily projects by other developers are also in the works.
PARSIPPANY, NJ-The renowned jeweler is adding 90,000 sf to its existing facility, which houses offices, a data center and distribution. SJP Properties is doing the build-to-suit project, which includes a parking garage.
DALLAS-Two corporate headquarters are part of four deals for 74,244 sf at Dallas-area office buildings. For Mapsco, it's a headquarters relocation in Dallas while Argoquest, a network of 60 Israeli high-tech firms, will use its spot for a temporary US main port.
AUSTIN-One too many clients had questioned Austin's investment climate, prompting Holliday Fenoglio Fowler to look at the numbers. All eyes had been on the drkoops instead of the city's true economic drivers.