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ADDISON, TX-A closely watched opportunistic play passes to a local partnership, headed by BeerWells Real Estate Services, which gets a 60,000-sf tenant right at closing to take occupancy to 57%. Now, the team's ready to open more talks at $18 per sf.
ADDISON, TX-A closely watched opportunistic play passes to a local partnership, headed by BeerWells Real Estate Services, which gets a 60,000-sf tenant right at closing to take occupancy to 57%. Now, the team's ready to open more talks at $18 per sf.
BETHESDA, MD-In a transaction valued at $223 million, Host Marriott Corp. disposes of six hotel properties located in six states including California and Connecticut. The hotel company plans to use the proceeds for, among other activities, purchasing upscale properties that fit its acquisition strategy.
HORSHAM, PA-In acquiring the asset-backed lending division of GMACCM, the bank that only serves financial institutions forms a specialty finance group to help its community bank customers compete against larger ones in commercial mortgage and equipment financing.
TAMPA, FL-The slim, vertical-shaped area on Central Florida's west coast ends 2004 with overall office vacancy of 14%, up from 12.8% a year ago, but anticipates improved performance this year from growing high-tech, medical and financial services companies, according to an Advantis Real Estate Services Co./GVA report.
ORLANDO-In one of the highest per-sf-prices of the year paid for a shopping center, the 64,688-sf, 98%-leased Parkway Plaza at 3760 N. John Young Parkway trades for $10.2 million at a cap rate of 7.25%. Los Angeles-based SCI Real Estate Investments and 11 individual investors acquire the asset from Inland Real Estate of Oak Brook, IL.
SAFETY HARBOR, FL-SHS Resort LLC, an affiliate of Dunedin-based Olympia Development Group, pays MeriStar Hospitality Corp. of Arlington, VA, $23.6 million for the 68-year-old, 189-room historic property outside Tampa.
TAMPA, FL-The Florida distribution arm of France-based Sonepar USA takes 40,403 sf for seven years at MetLife's Centerpoint industrial park at 1913 North US 301 here.
ORLANDO-William S. Friedman, chairman and CEO of New York-based Tarragon Corp., contracts for four townhouse and apartment communities totaling 1,123 units in Florida at an aggregate price of $190 million.