TUCSON-A Vancouver investment group spends $31.4 million for the Greens at Ventana Canyon, a 256-unit, class A complex being primed for a condo conversion. The 19-year-old asset, sporting a 98% occupancy, will start to change over in the fall.
HOUSTON-After more than a year of working out the details for the 700 Louisiana St. tenants, Abrams, Scott & Bickley LLP signs a 10-year lease in a direct deal that frees up more sublease space for Connelly, Baker, Maston, Wotring & Jackson LLP.
HOUSTON-After more than a year of working out the details for the 700 Louisiana St. tenants, Abrams, Scott & Bickley LLP signs a 10-year lease in a direct deal that frees up more sublease space for Connelly, Baker, Maston, Wotring & Jackson LLP.
HOUSTON-Cypress Village Shopping Center, anchored by a 52,000-sf Kroger store, garners 10 offers before passing to Westwood Financial Corp. Sources peg the sale at $3 million to $4 million for the inline space.
SCOTTSDALE, AZ-Liberty Property Trust kicks off work on a 123,000-sf building after locking in the Malvern, PA-based Vanguard Group to a 10-year lease. The class A structure is penciled for a May 2006 delivery.
SCOTTSDALE, AZ-A 1031 exchange buyer from Huntington Beach, CA goes up against five others for Hayden View Plaza, a 55,440-sf, multi-tenant building in Scottsdale Airpark. The win comes from a high offer of $9.4 million in cash.
HOUSTON-Restaurant Depot ends a six-month search with a 75,000-sf lease in a 109,000-sf shuttered Kmart. The membership-only wholesaler will open in September, the first of several locations planned for the city.
PHOENIX-Liberty Mutual signs a seven-year lease with a $5.1-million payout for 53,825 sf of flex office space in Allred Sky Harbor Center. The insurance company, bargaining seven months over the location, is the first tenant for the 90,517-sf building.
HOUSTON-The D. Covington Family Trust puts up $2.5 million for Windsor Plaza Shopping Center. The deal closes with a $1.9-million loan with a 10-year term and sub-5.75%, fixed-rate interest.