Premier commercial real estate news, analysis, trends and information for commercial real estate professionals covering office, industrial, apartments (multifamily), hotel, healthcare, student housing and net lease CRE sectors.
PALM SPRINGS, CA-The KOR Hotel Group renames its Estrella Resort & Spa, christening it the Viceroy Palm Springs. The company also plans an expansion of the property.
ATLANTA-The 67-year-old,locally based full-service commercial real estate and mortgage firm also selects Bob Mathews as president and Caldwell Zimmerman as executive vice president in a general corporate restructuring.
LAKEWOOD, CO-The property includes 200 units in nine buildings, plus a clubhouse, on 9.2 acres. It was bought by a partnership formed by a California-based multifamily developer and the Lakewood Housing Authority.
WHITE PLAINS, NY-Argent Mortgage Co., which already leases more than 200,000 sf at 333 Westchester Ave. here, has signed a lease across town for 223,366-sf of space at 44 South Broadway.
HOUSTON-Pathfinder Insurance Group re-ups two years early to get expansion space in a 118,000-sf suburban office building along Dairy Ashford Road. The extra office space, though not contiguous, takes the bottom line to 9,633 sf.
NEW YORK CITY-The Sapir Organization reaps the benefits of $718 million in mortgage transactions on three of its properties--11 Madison Ave. and the facing 260 and 261 Madison.
MIAMI-The 27-story, 142-unit upscale condominium tower, being developed here by SunVest/Hamilton, is set to be completed in late 2005. Units are priced from $275,000 to more than $1 million.
HOUSTON-The 214,831-sf door manufacturing facility at 5401 Lawndale St., just four miles southeast of the CBD, sells to Caspian Homes. The listing was on the market for 1.5 years, baiting several offers--all from residential developers.
ANNAPOLIS JUNCTION, MD-The 175-acre multi-structure National Business Parkway maintains its 100% occupancy level with the US General Services Administration's leasing of the park's newest 120,000-sf building.