DALLAS-Local apartment research company Axiometrics reports that, at the national level, class C multifamily properties in June continued generating both the strongest annual effective rent and occupancy growth.
TEMPE, AZ-GLL Real Estate Partners acquires the 162,000-square-foot Broadway 101 office buildings from Broadway 101 Office Park Inc.; a pension fund owned by the State of Alaska.
FORT WORTH-The 429-room Sheraton Hotel and Spa in the CBD finally sells to a Sacramento, CA group that once owned it. The closing follows years of court battles and foreclosure threats.
HOUSTON-Marcus & Millichap's Q3 Apartment Research Market Report shows that, despite a "dramatic increase in completions," the vacancy rate will end up at 7.9%.
AUSTIN-According to Q2 statistics from local NAI REOC, the industrial sector experienced positive net absorption of more than 356,000. Look for slow and steady improvement in occupancy for the remainder of the year.
ALLEN, TX-The Virginia-based REIT acquires the 115,000-square-foot Allen Office Center from an entity of Dallas-based Hudson Advisors just days after buying the 320,000-square-foot General Motors technology center in Austin.
SCOTTSDALE, AZ-Following a close to four-year hold, the Englewood, CO seller disposes of the office center to Waittcorp Real Estate. The buy is Waittcorp's second in the Scottsdale Airpark submarket.
PHOENIX-Six months after signing a definitive agreement, the merger between the two companies has been completed. The stock under the new company name, Spirit Realty Capital, begins trading on the NYSE today.
RIO RANCHO, NM-University of New Mexico and Central New Mexico Community College announce the design and construction of their next facility in Rio Rancho, where both institutions already have a presence.