THE WOODLANDS, TX-Urban Retreat taps first-floor retail space for its first suburban location outside Loop 610. The operator, with three spas in the Galleria area, plans to open in October in the 12-story, 345-room Woodlands Waterway Marriott Hotel.
SCOTTSDALE, AZ-A 160-unit, class B complex falls out of escrow twice before passing to a 1031 exchange buyer from Los Angeles. The buyer pockets keys to the Scottsdale Apartments, a 95%-leased, class B project along East McDowell Road.
PHOENIX-Pushing its acquisition activity into overdrive, Bascom Arizona Ventures LLC puts up $36.6 million for the 460-unit Club Oasis and 196-unit Sunrise Village. At the crux of the off-market deals is a market exit by a Los Angeles-based family trust.
PHOENIX-Pushing its acquisition activity into overdrive, Bascom Arizona Ventures LLC puts up $36.6 million for the 460-unit Club Oasis and 196-unit Sunrise Village. At the crux of the off-market deals is a market exit by a Los Angeles-based family trust.
HOUSTON-Hut Two Ltd. pays close to the $395,000 ask for a 9,400-sf office/warehouse along Trey Road. According to a local broker, the 20-year-old building will be used as is for the new business' headquarters and distribution base.
HOUSTON-The Delta Associates team has tracked $750 million in sales this year, down from last year when a number of trophies changed hands. Still, the outlook is bright because there's been a 20% hike in the price per sf since 2003.
PHOENIX-As part of its aggressive expansion in the Valley, SRP Investments drops $12.2 million on the 257-unit Casa Real Apartments. The new owner plans to pump $1,500 per unit into upgrading the class B complex.
PHOENIX-The Chicago-based REIT sells a 407,000-sf, fully leased industrial complex to a partnership of Denver-based Mountainwest Industrial Properties. The asset was part of a six-building portfolio bought for $34.8 million in October 2004.