HOUSTON-Glass Wholesalers Warehouse's corporate chiefs obtain $10.1 million to retire a $3.5-million mortgage and add 60,560 sf to a 102,500-sf facility. The construction financing component will roll to a permanent note when the work wraps up this summer.
HOUSTON-Glass Wholesalers Warehouse's corporate chiefs obtain $10.1 million to retire a $3.5-million mortgage and add 60,560 sf to a 102,500-sf facility. The construction financing component will roll to a permanent note when the work wraps up this summer.
PHOENIX-A limited liability company from Oakland, CA crosses the finish line ahead of seven others with the $16.7-million offer for the 170-unit Ventura Vista, setting up a $2.4-million profit for a two-year hold by the Seattle-based seller.
SCOTTSDALE, AZ-IndyMac Bank will open doors in August on a 24,000-sf, class A office in the seven-month-old Reliance Northsight, ending a two-year search for the right metro location. The deal is sealed with a $2.3-million payout.
PHOENIX-Demand outpaces the design stage for the $7-million Arrowhead Office Suites, which has medical professionals lining up for condos while the plan's still on the drawing board. Ground breaks in September.
STAFFORD, TX-With a lease expiration hanging overhead, Systronix Inc., a circuit board manufacturer, decides to stay put at its three-year address. The local company's renewal keeps a 62,700-sf building at 97% occupancy.
PHOENIX-The State of Arizona Department of Water Resources plans to relocate from downtown to the Central Avenue Corridor. The organization works out a four-year pact worth $5.1 million for Meridian Bank Tower's owner.
PHOENIX-The State of Arizona Department of Water Resources plans to relocate from downtown to the Central Avenue Corridor. The organization works out a four-year pact worth $5.1 million for Meridian Bank Tower's owner.
HOUSTON-The locally based REIT hopes to capitalize on rental rate increases, the lease-up of 22,000 sf of under-construction space and possible expansion opportunities of the 147,000-sf Uptown Park, bought in an off-market deal with Interfin