HOUSTON-After boosting occupancy from 45% to 70% through repositioning and rehabilitation, Younan Properties sells the 70,000-sf Energy Corridor Plaza for $4 million to Enfield Properties, which plans to occupy the balance of the building.
HOUSTON-After boosting occupancy from 45% to 70% through repositioning and rehabilitation, Younan Properties sells the 70,000-sf Energy Corridor Plaza for $4 million to Enfield Properties, which plans to occupy the balance of the building.
MESA, AZ-Jakosky Properties of Newport Beach, CA borrows $11.4 million to replace debt that it assumed in May to acquire the Mercado Fiesta Shopping Center. The new financing comes with a 10-year term and 5.15% fixed-rate interest.
MESA, AZ-Jakosky Properties of Newport Beach, CA borrows $11.4 million to replace debt that it assumed in May to acquire the Mercado Fiesta Shopping Center. The new financing comes with a 10-year term and 5.15% fixed-rate interest.
MESA, AZ-With 1031 exchanges on both sides of the deal, the 96%-leased office/industrial asset sells in an off-market transaction to a California-based partnership, which is dipping its investment toe into the metro.
HOUSTON-James Waters has inked a three-year lease for 22 cents per sf gross with a six-month window to buy the class C office building for slightly south of the $410,000 ask from a local manufacturer of wire hangers and dry cleaning supplies.
TUCSON-A local investment group gets a 98%-leased, 144-unit complex from an Oakland, CA group in the midst of its estate planning. The deal's sole broker says the seller gets to delay the closing to save about $150,000 in fees as part of the trade.
HOUSTON-The financial institution holds onto 252,900 sf of class A office space in the Hines-owned high rise after six months of negotiations and a survey of other market options. At the end of the day, the 20-year tenant keeps 10 floors and returns three.
HOUSTON-The financial institution holds onto 252,900 sf of class A office space in the Hines-owned high rise after six months of negotiations and a survey of other market options. At the end of the day, the 20-year tenant keeps 10 floors and returns three.
PHOENIX-Gil Investments LLC acquires the fully leased Olivewood Apartments by pushing the price $20,000 above the ask to beat out four others with the bid and terms that include waiving the walk-through to meet a 1031 exchange deadline.