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LOS ANGELES-One Hanover partnership acquired a 253-unit multifamily portfolio in Panorama City, and another Hanover joint venture sold a 33,000-sf office facility in Glendale.
AUSTIN-Two Colliers Oxford Commercial brokers have done their own calculations about the city's vacant sublease space. It's higher than ever, but not nearly as high as others in their field have claimed.
HOUSTON-Houston Wayside Business Center has signed two tenants that will make for odd neighbors. One is a charter school and the other, a commodities inspection and testing firm. The office-warehouse design is ideal for classrooms, says the broker.
DALLAS-Lazarus Property Co. is hard at work to deliver the CBD's first for-sale condos, with marketing to launch in 90 days. The overhaul to the 171,000-sf building, vacant for nearly a decade, is expected to cost between $20 million and $30 million.
WASHINGTON, DC-AMI Capital, based in Bethesda, MD, closed the Fannie Mae refinancing loan on the Dakotas Apartments, a 45-unit garden-style community located at 5543-5549 South Dakota Ave. in the Northeast.
NEW YORK CITY-The Penn Station Redevelopment Corp. has selected a joint venture between the Staubach Co. and Frankfurt Airport Services Worldwide to develop, maintain and operate the new Farley-Penn Station.
CHICAGO-Nearly 5,000 multifamily units, 2.4 million sf of office space, 200,000 sf of retail space, at least one hotel and an elementary school could begin to take shape on a 28-acre site this summer.
BLOOMFIELD HILLS, MI-The mega-mall developer says the Tampa, FL tenants include 65 new-to-the-market stores. The 1.26-million-sf shopping center is on the southeast edge of Tampa International Airport.
WASHINGTON, DC-The housing market index, a measure of home builders' expectations, rose two points this month. According to the NAHB, low mortgage rates are offsetting declines in consumer confidence.