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HOUSTON-A 52,615-sf office building in the southwest submarket gets a new owner as Dallas-based Prentiss Properties continues disposing of its non-core assets. The latest sale nets $10 million from the $56.4-million transaction.
SAN ANTONIO-Weingarten Realty Investors has bought its first industrial holdings in San Antonio, adding 368,000 sf to the portfolio. The buys are part of five year-end deals in Texas and Las Vegas.
MINNEAPOLIS-The parent Target Corp. is dropping the names of Dayton's and Hudson's on its department stores, including 21 Hudson's stores in Michigan, in favor of the Marshall Field's name.
STAMFORD, CT-Insignia/ESG released its year-end 2000 office availability rate figures for Westchester and Fairfield counties that showed a marked reduction in vacant office space in most major markets in both counties.
DENVER-In what is shaping up as a late night session, Denver City Council will be deciding whether to change zoning on a Sears property in upscale Cherry Creek North. The retailer and development partners want to convert the site into a $100-million, mixed-use project.
CARMEL VALLEY, CA-The New Jersey-based operation is opening an office here and in Southern California to sell apartment complex owners on the benefits of providing tenants with its alternative to security deposits.
DAYTONA BEACH, FL-Oceans Resorts pays $60,680 per room for the 206-room oceanfront hotel, formerly the Whitehall Hotel. Publicly-traded Boykin is using the proceeds for other undetermined investments. Daytona Beach is 50 miles northeast of Downtown Orlando.
CAMBRIDGE, MA-The Massachusetts Institute of Technology is acquiring Technology Square from Beacon Capital Partners. The site, which includes three existing buildings and four buildings under construction, is the university's fifth commercial investment in the area.