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PHOENIX-With few properties and a growing residential interest, West Valley apartment complexes have become increasingly popular acquisition targets, the latest selling to a Seattle-based investor for $31.5 million.
ORLANDO-Bank of America Corp.'s local operations are growing. So are MeshNetworks Inc. of suburban Maitland and AirNet Communications Corp. of Melbourne, FL, 50 miles southeast of Downtown. All are figuring out new space needs for next year.
ASTORIA, OR-The property has been sitting vacant for as long as most can remember. Failed proposals for the site have included a motel, a supermarket and a manufactured home park for seniors.
DENVER-Westin lands a sweetheart deal with city council, which is bypassing the usual bid process for the hotelier to advance its airport project. Westin get $1.1 million to manage the property that will be city-owned in 15 years.
ORLANDO-Walpert Properties names William A. White to head Florida division and direct its shopping center acquisitions program. White will also oversee the firm's leasing, management and development programs.
DALLAS-Realty Capital has signed Kennedy-Wilson as its exclusive leasing agent for a 35,000-sf spec office project in Plano. The two-story building will come to market in August 2001.
CHARLOTTE-Five-year-old CLT Air Freight Carrier plans to add to its local presence with the construction of a 40,000-sf warehouse and office building scheduled for completion next year.
WEST PALM BEACH, FL-Kenco Communities at the Ranch paid $5.16 million or $1.81 per sf for a 62.5-acre tract in southwest Palm Beach County where the developer is considering a residential venture. First Union National Bank is advancing $11.55 million in development funds. The site is 90 miles north of Downtown Miami.
VALDOSTA, GA-Sunbelt Holdings Investments, owner of the 24 fully-furnished apartments at Moody Air Force Base here, selected locally-based Ambling Management Co. to handle the property. The contract's value wasn't disclosed. Valdosta is 200 miles southeast of Downtown Atlanta.