SAN ANTONIO-San Antonio goes to market with a AA rating from Fitch for the Texas Starbright Corp. The bond sale proceeds will be used to buy and convey 2,643 acres plus reimburse Toyota for a pick-up training facility for the new plant.
PHOENIX-Jim Fijan, Tom Adelson, Jerry Roberts, Dan Calihan and Brad Anderson walk away with top honors for 2002 deal making in metro Phoenix. Calihan's dedication to Arizona commercial real estate earns "deal maker of the year.
AUSTIN-Funding concerns could delay a 195,000-sf federal courthouse until the 2005 budget and completion to 2007. Even though money is a problem, the site selection will continue. The decision, though, is still weeks away.
AUSTIN-The firm agrees to a five-year lease for office space on the 18th floor of the 21-story Bank One Tower at 221 W. Sixth St. The new deal pushes occupancy in the 389,503-sf high-rise to a solid 93%.
PALO VERDE, AZ-The nation's largest power plant, a 4,000-acre compound, remains under heavy guard as a result of intelligence reports. Operated by the Arizona Public Service, the nuclear generating station supplies six states.
MESA, AZ-The Wong Family of Los Angeles buys the 32-unit Lindsay Villas just five days after it hit the market, spending close to $1.9 million for its first multifamily deed in Arizona to satisfy the exchange.
AUSTIN-The sublease tally for the first quarter is nearly twice that of a year ago, says Buls Hodge Consulting. The big run has been on data center space. Despite the wins, vacancy is still 26% for direct and sublease space.
AVONDALE, AZ-The 46,008-sf Avondale Shopping Center's shadow space at 1450 N. Dysart Rd. trades to a Phoenix retail-oriented investment group. The deal closed with a strong 12% cap rate. The grocery anchor wasn't part of the deal.
SAN ANTONIO-A San Antonio owner swaps the franchise on a 144-room hotel from Comfort Inn to Wellesley. It is Prime Hospitality's ninth hotel this year to be converted to the flag. The hotel is located at 2635 NE Loop 410.
PHOENIX-The Phoenix investment group spends $2.4 million for 72 units in a plan to start marketing them as condos in the coming year. The complex came with just the right zoning for Right Place Properties' plan.