SUGAR LAND, TX-The developer fires up a long-term plan to sell some land for commercial uses in its 2,018-acre Telfair development. The first chunk of the 626 commercially zoned land is being marketed at $5.50 per sf.
PHOENIX-Making sure it gets the deal, a 1031 exchange buyer from Lake Havasu, AZ, pushes the ante $15,000 higher than the list for Camelback Center. The hard push secures 19,150 sf of shop space and a 13,813-sf drug store with another 18 years left on the lease.
PHOENIX-Making sure it gets the deal, a 1031 exchange buyer from Lake Havasu pushes the ante $15,000 higher than the list for Camelback Center. The hard push secures 19,150 sf of shop space and a 13,813-sf drug store with another 18 years left on the lease.
PHOENIX-A newly released report says the region will end the year on a high note. Just in the second quarter, new and expanding companies snapped up 3.1 million sf and developers kicked off work on 573,008 sf for the 250-million-sf inventory.
TUCSON-The 1031 exchange buyer puts up $7.2 million for Glenbrook Apartments, a class C listing that attracted eight potential buyers for its infill location and value-add promise. The complex was 90% leased at sale time.
HOUSTON-A local investment group pays close to $3.5 million for a 46,000-sf, class B building in the West University area. The deal closes with a $2.5-million loan with a 20-year, self-amortizing term at a 5.35% fixed-rate interest.
HOUSTON-Jaguar Investments Ltd LLP acquires One Northchase Park for $6.4 million. The new owner secures a floating rate loan with future advances to help lease up the 85,213-sf, class B office building.
CHANDLER, AZ-With plans of developing a high-end business park, Cyburt Hall Partners grab 96 acres at the crossroads of Price Road and the Santan Freeway. The plan calls for 1.5 million sf of office space, 200,000 sf of retail product and 300 hotel rooms.
CHANDLER, AZ-With plans of developing a high-end business park, Cyburt Hall Partners grab 96 acres at the crossroads of Price Road and the Santan Freeway. The plan calls for 1.5 million sf of office space, 200,000 sf of retail product and 300 hotel rooms.