TEMPE, AZ-A SoCal investment group snaps up the Continental, a 90%-leased, class C complex adjacent to Arizona State University. The winner comes within $100,000 of the $1.55-million ask to win the deal.
HOUSTON-Frost Product Manufacturing Inc. plans a May 1 move into 14,800 sf of industrial space along Westhollow Parkway in the southwest sector. The deal fills the last opening in an 82,000-sf building.
PHOENIX-After looking at several Southwest cities, eBay Inc. chooses the Valley to expand its data center network. The Internet auction company pays $16.3 million for the Switch X building at 4010 N. 3rd St.
PHOENIX-After looking at several Southwest cities, eBay Inc. chooses the Valley to expand its data center network. The Internet auction company pays $16.3 million for the Switch X building at 4010 N. 3rd St.
HOUSTON-A local developer gets a three-year, adjustable-rate loan for 31 condos, 36,000-sf special events center, 256-space parking garage and 11,000 sf of ground-floor retail for a six-year-old makeover of a 100-year-old bank building in the CBD.
SCOTTSDALE, AZ-A 6,857-sf condo in the Scottsdale Airpark garners four offers before a private investor from nearby Gilbert pockets the title for $1.46 million. Exotic Automotive has 18 months left on its lease term for the three-year-old condo.
PHOENIX-A couple from Carlsbad, CA claims La Vita, a fully occupied, class C complex that attracted four other would-be buyers to the listing. The couple wins the deal by meeting the $1.08-million ask.
THE WOODLANDS, TX-Accessible Space Inc. plans to break ground in September on the three-story, 46,709-sf Tangle Brush Villa. HUD kicks in a $3.9-million subsidization for the project, all one-bedroom, 540-sf units. Delivery is planned for summer 2006.