DALLAS-Capital Senior Living Corp. finalizes a merger with ILM Senior Living Inc. Capital pays nearly $97.6 million for eight ILM properties, but gets 75% interest in Villa Santa Barbara.
ENGLEWOOD, CO-The site of the 1.3 million-sf Cinderella City, razed two years ago, is awakening as a Sleeping Beauty for developers proposing an 800,000-sf redevelopment. Ground breaks in October under the supervision of Miller Weingarten Realty, a partnership of Weingarten Realty Investors of Houston and Miller Development of Denver.
JUPITER, FL-Complaint charges online publisher ilife.com with breaching a 40,000-sf, estimated $8.4 million office lease and a 2.15-acre, $608,751 land purchase contract
CHARLOTTE-The owners of a former A&P warehouse in the city's West Morehead district plan to convert the 62,900-sf building to offices with rents at $17 psf to $22 psf. The asset will be called Cedar Hill.
AUSTIN-Another headquarters shift occurs in Austin, this time it's a residential and commercial developer who's picking up stakes. The real estate business is moving into 10,000 sf in a structure it owns at Spicewood Springs Rd.
DENVER-The 1,000-acre Majestic Commercenter adds two tenants to its growing roster. Quantum's 21,000-sf lease represents one of the largest industrial deals so far this year in the Denver market.
ORLANDO-As area developers rush to complete telecom hotels for a growing number of telecommunications industry tenants, a new study pinpoints what commercial real estate watchers have suspected for the past two years. Central Florida's $10 billion high-tech industry is surpassing tourism and entertainment as the area's leading economic booster.