DENVER-Denver-based Point Comfort Development LLC is paying nearly $1.7 million for a 40-unit apartment complex, a 28-year-old development in northwest Denver. The selling price gets a boost from a 5% multi-family vacancy rate dominating the region.
MIAMI-Local class A office rents may be up, but at an average $29.60 psf, they're still a bargain compared with rates in other large metro markets, a new CB Richard Ellis Inc. study notes.
NEEDHAM, MA-The REIT's shift from healthcare to the lodging industry is not going as smoothly as hoped, but company officials vow to press on with its plan.
ORLANDO-Access2re.com.Inc. is betting a $750,000 investment will be paying off for both the young company and the commercial real estate industry in Central Florida as well.