HOUSTON-Calx Ltd. of Houston is the new owner of the 610 Main Shopping Center, which will be getting a facelift along with the neighborhood. The 66%-leased center went for less than market value based on its rents, says the buyer's broker.
SUGAR LAND, TX-A $15.6-million certificates sale starts Tuesday, with maturity dates running from Feb. 15, 2004, through 2018. Part of the proceeds will fund land acquisition and construction of a city hall complex in the heart of town.
SCOTTSDALE, AZ-Chez Antiques will become the largest store of its type when it opens in 46,955 sf at Pima Crossing. The done deal is a seven-year lease valued at $2.7 million, with an opening penciled on the calendar for February.
GLENDALE, AZ-The land, on the market for 18 months, was about to be subdivided when Credit Union West came along with an offer. Negotiations carried the deal to the closing table at a selling price of nearly $1.2 million.
PHOENIX-Humphreys & Partners of Dallas files a lawsuit in US District Court in Phoenix over the use of its "Big House" design by Phoenix architect, George F. Tibsherany Inc. and 16 other real estate entities.
GLENDALE, AZ-The buyer, a family-owned investment group, gets a fully leased 19,141-sf office building, stable tenant roll and prime location along West Olive Avenue. The asset had been on the market about eight months.
HOUSTON-The concept is new to the Lone Star State, but it's been part of the Stewart lineup since 1996, first in Colorado and then Utah. A consumer watchdog group has reservations, but Stewart says the insurance has been well received in many circles.
MESA, AZ-A California investment group takes proceeds from a 1031 Exchange of multifamily assets in its home state to acquire the 86-unit Mesa Terrace Apartments, a 30%-occupied, value-add property.
TEMPE, AZ-Greenwood & Son of Tustin, CA buys 14 acres in Elliot Corporate Center for future development of industrial or office. The seller delivered 230,000 sf in a phase one, but retreats and sells because the back-office market has softened.
GLENDALE, AZ-The buyer, a family-owned investment group, gets a fully leased 19,141-sf office building, stable tenant roll and prime location along West Olive Avenue. The asset had been on the market about eight months.