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HOUSTON-Dirt's flying on a 374-unit apartment project by the Hanover Co. The Lofts at Ballpark Place is just a stone's throw from the Houston Astros' Enron Field, which opened in the spring.
ORLANDO-The five cents levy on every vacationer's dollar was originally set up to help build the 1.2 million sf Orange County Convention Center and to back the Orlando/Orange County Convention and Visitors Bureau, innkeepers maintain.
MOUNT DORA, FL-The five-year-old, eight-bedroom, 7,400-sf Darst Victorian Manor Bed and Breakfast property is on the selling block because the owners want a respite from the 24-hour-a-day business. The potential annual rent roll, at full capacity daily, is estimated at $63,145. Mount Dora is 25 miles west of Downtown Orlando.
SAN FRANCISCO-A block away from the Moscone Center, the acquisition includes an 11-story building at 55 Hawthorne, a five-story building at 631 Howard Street as well as a five-level parking structure.
LIVONIA, MI-A Burton-Katzman project is going up at Victor Corporate Park that is expected to cost $88 million. The land was bought at $500,000 per acre. Lease rates are expected to be in the mid-$20s.
WASHINGTON, DC-Real estate investment trust stocks did well in the third quarter, as they have all year long. The results reverse last year's negative returns as value stocks outdo growth stocks across equity markets.