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ATLANTA-Capital Hotel Investments bought properties in Alpharetta, GA, Los Angeles, Fort Worth TX and the Virgin Islands. Capital principals are Marriott International and affiliates of Blackacre Capital Management.
ROCKVILLE, VA-A joint venture between Atlantic Realty Cos. and Foulger-Pratt Construction Inc. has broken ground on a five-story, 102,632-sf office building in Rockville, the latest project in the Shady Grove corridor.
DALLAS-Transcontinental Realty Investors Inc. sees its REIT status loss as a vehicle to pursue acquisitions, management and development opportunities. Stock purchases in June, July and August usurped the standing, which can't be reinstated for five years.
SAN FRANCISCO-Gilbert Castle, a specialist in the field of Geographic Information Systems, will oversee the company's efforts to launch its real-time, Internet-based site selection, acquisition and management solution for retailers and hoteliers.
VIENNA, VA-Chain Links Retail Advisors signed MyShoppingCenter.com to provide broadband connections and services to the properties it represents. Both say the retailers' broadband needs have been underserved.
SAN FRANCISCO-The $95-million acquisition includes air-freight facilities totaling 896,721 sf on-tarmac at the Baltimore-Washington, Dallas/Ft. Worth, Dayton, Jacksonville, Kansas City, Los Angeles, Philadelphia and Seattle-Tacoma airports.
LAKEWOOD, WA-The city has been saving to build its own administrative home since becoming a city less than five years ago. It's getting the land from Wells Fargo for $10 with the hope it will jumpstart the bank's struggling Lakewood Mall.
MIAMI-The new facility, Beacon CyberPort, has 750,000 sf of existing warehouse, showroom and office and will have 200,000 sf of new construction. The price of the property was not disclosed.