Regional Digests
AIMCO Puts Va. Apartments on the Market
August 26, 2003 Apartment Investment and Management Co. (NYSE:AIV) is looking to sell the Pines of Roanoke, a 216-unit apartment complex in Roanoke, Va. The Marcus & Millichap team of C. Richard Struse and...
SSR, LCOR Team to Build D.C.-area Apartments
August 26, 2003 SSR Realty Advisors has teamed with LCOR Inc. to build a $44 million luxury apartment building in Northern Virginia. LCOR will develop and manage the 259-unit property, which will be called Wilton House. The 15-story apartment building...
ProLogis Bringing Over 200,000 SF to Northeast San Antonio, Texas
August 26, 2003 San Antonio Business JournalFour new industrial projects under construction in Northeast San Antonio are poised to bring almost 200,000 square feet of new space on the market. Prologis, the Denver-based REIT, has two projects totaling 129,000 sf...
Opus West Completes First Phase of Industrial Park in Grand Prairie, Texas
August 26, 2003 Star-Telegram (Sixth Item)Opus West Corp. has finished the $12 million first phase of the 27-acre I-20 Crossing industrial park at the southwest corner of Interstate 20 and Matthew Road in Grand Prairie. The $20 million development has...
Developer to Re-do Public Housing in D.C.
August 26, 2003 The Washington TimesA team made up of Mid-City Urban LLC of Silver Spring, Md., and Forest City Enterprises were chosen last year to to use a $34.9 million federal Hope VI grant to construct homes and offices...
Former Super Kmart Property in Orange County, Calif., Bought
August 26, 2003 Orange County Register (Second Item)An Aliso Viejo-based developer, paid $35 million for 190,000 square feet of retail space vacated by Super Kmart in Aliso Viejo and 25 acres of land. The buyer plans a mixed-use development for...
Bedford Buys Arizona Complex for $7.8Mln
August 26, 2003 San Francisco Business JournalBedford Property Investors Inc., a Lafayette, Calif.-based REIT, bought a 151,830-square-foot research and development and warehouse complex in Tempe, Ariz., for $7.8 million. The Roosevelt Commons consists of three R&D buildings and a bulk...
Swig Burris Buys Downtown NYC Office Building, Plans Rehab
August 26, 2003New York Post Swig Burris Equities has bought 5 Hanover Square, a 25-story office building in lower Manhattan that's also known as 66 Beaver St. Sources estimated the price at under $175/sf, even including renovating the 318,600-square-foot tower,...
Sale of Prime NYC Apartments May be Back on Track
August 26, 2003 New York Post (Second item)Morris Bailey and Ziel Feldman seem to be trying to work things out over the $228 million sale of Herald Towers, the giant rental apartment building across from Macy's in Midtown Manhattan. Property...
CB Richard Ellis Tapped for Sale of NYC’s Lipstick Building
August 26, 2003 New York Post (Third item)The Kuwaiti owners of 885 Third Ave. have hired CB Richard Ellis to market the landmark office tower in Midtown Manhattan. Also known as the Lipstick Building, the buildinghas about 586,000 square feet...
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