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January 20, 2004 Dallas Business JournalThe Lucerne Group, an Atlanta-based company that recently paid more than $45 million for The Caruth, plans to convert the upscale, 338-unit apartment complex into for-sale condominiums. Dallas-based Lincoln Property Co. sold the complex, which ...
January 20, 2004 Lexington Corporate Properties Trust (NYSE:LXP), a REIT based in New York, has acquired a 75,016-square-foot office property in Mission, Texas, for $10.1 million. The single-story, Class-A office building, which was developed in 2002, is net-leased to a ...
January 20, 2004 Simon Property Group Inc. (NYSE:SPG) has entered into an agreement with the city of McAllen, Texas, to develop 70 acres there into Palms Crossing, a 650,000-square-foot mixed-use project on the northeast corner of Ware Road and Expressway ...
January 16, 2004 Merit Acquisitions, LLC has placed a $12.8 million loan on its Legends on the Lake, a 224-unit garden style apartment community in Rockwall, Texas, that was built in 1998. Brad Hatcher of L.J. Melody & Co.'s Dallas ...
January 16, 2004 Dallas Morning News (Fourth Item)Dallas' 32-story 1600 Pacific Building, previously the LTV Tower, was posted for foreclosure by Fremont Investment and Loan. Built in 1964, the black glass tower near Thanksgiving Square contains about 400,000 square feet ...
January 16, 2004 Star TelegramHotels.com, a discount travel reservation service, is closing its Fort Worth, Texas, office and moving 300 jobs from there and Dallas to the Arbors of Brookhollow building in Arlington. The company will occupy about 57,000 square ...
January 16, 2004 Dallas Morning NewsThe planned merger of J.P. Morgan Chase and Bank One could be a setback for downtown Dallas, where the two banks are among the biggest tenants in the downtown office market, which is already suffering ...
January 16, 2004 Dallas Morning News (Second Item)Bandera Ventures Ltd. has purchased two buildings in the Las Colinas (Texas) Urban Center from affiliates of Fidelity Investments. The 13-story Waterway Tower, built in 1982, has about 220,000 square feet. The 10-story ...
January 16, 2004 Aimco Capital, the affordable housing subsidiary of Apartment Investment and Management Co., is looking to sell the Williamsburg Apartments, a 418-unit complex in Grand Prairie, Texas. The Denver-based REIT has hired Marcus & Millichap to market the ...
January 15, 2004 Star-TelegramWork is expected to begin this month to transform the old Wal-Mart building in Southlake, Texas, on Southlake Boulevard into a Circuit City electronics store and two other national retailers. Archon Group of Irving, which bought the ...
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