David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
PEARLAND, TX—The Retreat at Shadow Creek Ranch, a 370-unit newly constructed complex adjacent to the master-planned community was sold to Inland Real Estate Acquisitions.
HOUSTON—AmREIT, which manages the property, now has increase control of parking areas while new out-of-bankruptcy owners will continue to operate restaurant at the site.
MEXICO CITY—Macquarie Mexican REIT has acquired a larger share of the group that includes nine properties leased to Wal-Mart, Chedraui and H.E.B., among others.
SAN DIEGO—More small businesses will soon be able to qualify for SBA loans to buy commercial/industrial buildings, according to CDC Small Business Finance.
NORTH LAKE TAHOE, CA—If approved, the Martis Valley Opportunity Plan will preserve more than 6,700 acres of open space and result in a 600 unit reduction of development.