Apartment Briefs
ANAHEIM – Rental rates will rise about 3 percent annually over the next three years, predicted Lawrence Yun, chief economist of the National Association of
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MetLife Sells Stake in 71-story Wells Fargo Plaza
HOUSTON -MetLife has sold a 50% interest in the 71-story Wells Fargo Plaza in downtown Houston to New York State Common Retirement Fund. MetLife will retain
Skanska Breaking Ground on Galleria Area Office Tower
HOUSTON — Skanska USA Commercial Development announced it will break ground soon on a 302,00 sf. office tower near the Galleria. The project will be located
Sixteen Self Storage Projects Sell for $357 Million
HOUSTON – HFF has closed the sale of a 16-property self storage portfolio in Connecticut, New York and Pennsylvania. HFF and Louis Perfetto, Esq. of
Bass to Develop Three Buildings in Downtown Fort Worth
FORT WORTH, Texas — Three new mixed-use buildings are proposed for the Sundance Square district in downtown Fort Worth, according to the Fort Worth Star-Telegram.
Hines Sells Retail Center in Mexico
MEXICO CITY – The Mexico City office of Hines announced the sale of City Center Pitic to MexFund S.A.P.I, a Mexico-based real estate investment firm.
Lincoln Property Buys SD Project for $76 Million
SAN DIEGO — Trigild – a San Diego-based receivership, disposition and loan recovery specialist – has closed the $76 million sale of The Towers at
Spec Construction to Surge
HOUSTON — Developers are expected to break begin ground on more speculative industrial projects as a result of increased demand and decreased vacancy. Houston’s industrial
Inland Buys Houston Retail for $172 Million
HOUSTON – Inland Real Estate Acquisitions, Inc., the purchasing arm of The Inland Real Estate Group of Companies announced its $172 million acquisition of a
Downtown Office Tower Proposed
ATLANTA – A new downtown office tower has been proposed by developers Bob Voyles and David Marvin, according to a report by OKCReview.com. It would