PHOENIX-Primarion Inc. will move in April to a 9,552-sf, freestanding building that's about half the size of its current address. The company inks a four-year lease with a payout of $300,000 one of nine industrial buildings in Diablo Business Center.
MESA, AZ-The owner of the 4,000-sf Ichi Ban restaurant gets $1.7 million from a 1031 exchange buyer from San Diego. The seller, sealing the deal with a 15-year net lease, intends to use the capital to build a second restaurant in the East Valley, says the broker.
CORPUS CHRISTI, TX-The Chicago-based developer and owner is set to break ground on a 360,000-sf, medical office project in three buildings on Christus Spohn Health System's Memorial, Shoreline and South campuses.
SUGAR LAND, TX-The upscale retailer will put its seventh store in Texas in Sugar Land Town Square, a 32-acre lifestyle project now adding 150,000 sf of retail. Keys will start to turn by year's end on the new space, which means an early 2006 opening for Z Gallerie.
MESA, AZ-To win the deal, the Santa Monica investor assumes $10.6 million in a trio of loans due in 2008. Nonetheless, the portfolio attracts 20 investors eyeing the value add in the 248-unit Superstition Villas in Mesa and 165-unit Riviera Village in Tempe.
MESA, AZ-To win the deal, the Santa Monica investor assumes $10.6 million in a trio of loans due in 2008. Nonetheless, the portfolio attracts 20 investors eyeing the value add in the 248-unit Superstition Villas in Mesa and 165-unit Riviera Village in Tempe.
HOUSTON-Camden Property Trust uses a bid scenario to determine a JV partner for a 12-property pool that could include more assets down the road. The Tuckerman Group marks its first non-development partnership and first-time teaming with a public REIT.
HOUSTON-Camden Property Trust uses a bid scenario to determine a JV partner for a 12-property pool that could include more assets down the road. The Tuckerman Group marks its first non-development partnership and first-time teaming with a public REIT.
APACHE JUNCTION, AZ-The owner of the 14.5-acre Pacific Mobile Manor secures a 10-year Fannie Mae, floating-rate loan to pull out equity and retire financing with an 8.75% rate. The new deal kicks in at 4.6% and is capped at 7.56%.