HOUST0N-With a week to go before the closing, the Boston-based REIT gets the price down to $9.9 million in cash for the 324-unit Antilles. The deal's broker says TriVest Residential agrees because of the buyer's timing and knowledge of the asset.
PHOENIX-The San Francisco-based bank buys one of three spec buildings rising in Pinnacle Peak Commerce Center. Developer Orsett Properties will deliver the shell in August so Wells Fargo can start finish-out on the operations center.
PHOENIX-Security Title Agency will rechristen the class A building to Security Title Plaza after signing a five-year lease for the class A office space. The firm plans to pull four offices under one roof with the mid-May move.
CHANDLER, AZ-Coliman Produce beats out one other user and pays more than the list price to pocket the keys to a 29,349-sf building. The company drops $2.4 million for the cold-storage asset, which is believed to be its first piece of US real estate.
HOUSTON-After three years of looking for the right spot, Griffin Dewatering Southwest LLC gets a warehouse on 6.7 acres to replace two leased sites. The broker says the holding has sold for considerably less than the $1.6-million ask.
PHOENIX-Feldman Mall Properties expects to buy $150 million to $175 million of mall properties in the next nine months. The public REIT intends to leverage the acquisitions by mortgaging Colonie Center Mall in Albany, NY.
PHOENIX-Feldman Mall Properties expects to buy $150 million to $175 million of mall properties in the next nine months. The public REIT intends to leverage the acquisitions by mortgaging Colonie Center Mall in Albany, NY.
PHOENIX-Feldman Mall Properties expects to buy $150 million to $175 million of mall properties in the next nine months. The public REIT intends to leverage the acquisitions by mortgaging Colonie Center Mall in Albany, NY.
KATY, TX-After fielding more than six offers, a Houston-based developer relinquishes the keys to Grand Parkway Crossing for close to $7 million. The Dallas buyer assumes a $2.9-million conduit loan to take title to a 100%-leased asset.