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LOS ANGELES-Brokerage firm's investment unit gets contract to handle pension fund's latest foray into real estate projects and high-tech companies that serve the industry.
FORT LAUDERDALE, FL-The 116-room Bahia Cabana Resort at 3001 Harbor Drive has been sold for $6.75 million ($58,190 per room) to partners John Day and Patrick Flavin. Part of the four-building complex may be razed for condo development.
CARROLLTON, TX-On Nov. 15, Hitachi America Ltd. will get the keys to a 72,000-sf headquarters and distribution center being built in the Free Trade Zone of the Dallas-Ft. Worth International Airport. The project teams with a 100,000-sf expansion in Japan.
ORLANDO-Cap rates are creeping upward and pension funds are over-allocating office product, but a panel of investment experts are undecided if the slowdown is short-term or permanent. They spoke at the annual convention of the National Association of Office and Industrial Properties here.
HOUSTON-New York-based W.P. Carey & Co. LLC has finalized a $7.3-million sale-leaseback deal for the Houston corporate headquarters of US Home Corp. on behalf of Corporate Property Associates 14 Inc., a public, non-traded REIT.