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MIAMI-Small, well-maintained structures continue to command top-of-the-line prices. A 7,563-sf, 45-year-old building in Coral Gables, FL has sold for $1.135 million, a sound market value but still below the $1.25 million tag it carried in 1981, brokers say.
AUSTIN-Nine leases, totaling 48,024 sf, have been finalized by brokers of Kucera Co., based in Austin. Four of the deals bring new tenants to 3410 Far West Blvd. while the largest taker is Altitude Software at 11044 Research Blvd.
BOSTON-The $40 million conversion of the police headquarters here was given to the Saunders Hotel Group, a longtime local hotelier. Landsmark Ltd. of London lost it when the city decided it wasn't making enough progress.
NEWPORT BEACH, CA-William Gross, founder, managing director and chief investment officer of PIMCO, will be honored by his alma mater, UCLA's Anderson Graduate School of Management Tuesday. Gross is this year's recipient of the Exemplary Leadership in Management award.<p>
CHAPEL HILL, NC-The 975-acre park would resemble North Carolina State University's 1,192-acre Centennial Campus in Raleigh. Chapel Hill is 90 miles northeast of Downtown Charlotte.
SEATTLE-The self-storage REIT is reporting third quarter funds from operation of approximately $22.2 million, a 6.4% increase over the last year's third quarter. On a per share basis, the company's FFO increased 4.1%.