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SAN DIEGO-A local REIT sells prime industrial land it got at a bargain several months ago near Orlando International Airport. Excel Legacy Corp. adds $3.3 million to its coffer from the Florida sale while its affiliate, Price Enterprises, gains $26.3 million for two CA sites.
NAPLES, FL-Next to residential construction, retail development is the hot real estate market in Southwest Florida. So far this year, 420,000 sf of new shopping center space has been completed in Collier and Lee counties with several more projects in the works, about 120 miles west of Miami.
HOUSTON-The CE Ward Constructors construction company has changed its name to J.E. Dunn Construction--Houston. The Kansas City, MO-based Dunn Construction has had a majority stake in the firm for three years.
HOUSTON-The Marq.E, a 365,375-sf entertainment and retail center, has little room left at the inn, signing more than 80% of its space in leases. The project is a joint venture of Orix Real Estate Equities and PLC Commercial.
ATLANTA-The locally-based telecommunications company will wire several buildings for high-speed data, voice and video services. The first building will be Windward Point 200 in north Atlanta.
ORLANDO-Entrepreneur Cameron Kuhn, a transplanted Chicagoan, is investing $4.47 million in an Orange County-owned office building everybody else has shunned. The 18-year-old Downtown building has air quality problems and has been vacant and shut down since summer 1997. The county and its insurer have paid out more than $1 million in medical claims from county workers. The price of the six-story, 79,000 sf 100 East Pine Street Building equates to $56.58 per sf.
IRVING, TX-Arnold Logistics Inc. has inked a deal to acquire the National Corporate Marketing Inc. of Irving. With the acquisition, the corporation will own more than 3.6 million sf of operating space in the three states.