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DENVER-Denver-based Point Comfort Development LLC is paying nearly $1.7 million for a 40-unit apartment complex, a 28-year-old development in northwest Denver. The selling price gets a boost from a 5% multi-family vacancy rate dominating the region.
ORLANDO-Grubb & Ellis predicts the 45 million sf metro market will rebound in the fourth quarter, shifting to smaller free-standing properties and grocery-anchored projects.
ATLANTA-The 14-year-old, 20-story, 351,184-sf Lenox Building in Buckhead goes for about $70 million. The one-year-old, 11-story, 286,572-sf Glenridge Highlands One tower in north Fulton County exchanges hands for about $43 million.
DALLAS-Dallas-based Macfarlan Real Estate Services has promoted a vice president of acquisitions to a senior post to oversee marketing for an alliance dedicated to developing high-tech carrier hotels in the southwest.
SAN FRANCISCO-The expanded and remodeled Grant Avenue store offers concierge services including valet parking, coat and bag check and cell phone recharging