Industry News
Phoenix Apartment Property Fetches $10M
Aug 8, 2008

Ownership of Brookside, a 203-unit multi-family property in Phoenix, has just come under new ownership courtesy of a transaction valued at $10.3 million. Brookside Properties L.L.C. snapped up the apartment complex from Brookside-Premier L.L.C. Carrying the address of 6131 W. Thomas Rd., Brookside occupies a nearly seven-acre parcel surrounded by highways and located within close proximity to the 1 million-square-foot Desert Sky Mall and Cricket Pavilion Amphitheater. Developed in 1984, the property encompasses approximately 137,400 square feet. Marcus & Millichap Real Estate Investment Services' national multi-housing group orchestrated the transaction, representing both the seller and the buyer, and announced the transaction.

 
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ROEL Completes Agua Caliente Casino Resort Spa Construction
Aug. 21, 2008
ROEL Construction Co. Inc. has completed construction of The Agua Caliente Casino Resort Spa located on Bob Hope Drive in Rancho Mirage, Calif.
Continental Retail Announces Iowa Center
Aug. 21, 2008
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JLL Arranges Sale of Sheraton Gateway Hotel at LAX
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Jones Lang LaSalle Hotels is pleased to announce the sale of the fee simple interest in the Sheraton Gateway Hotel at Los Angeles International Airport on behalf of its owners, Kor Hotel Group and its partners.
Bidders Circle Urban Corp.
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Tri-City Electrical Contractors to Build 400,000-SF Support Center in Orlando
Aug. 21, 2008
The Central Florida commercial division of Tri-City Electrical Contractors Inc. is under way on $8 million of work at Darden Restaurants’ new 400,000-square-foot LEED-certified Support Center as well as  16,284-square-foot LEED-certified Data Center, both located on Taft-Vineland Road in Orlando, Fla., under its contract with Hardin Construction.
 

 

220-Acre Mixed-Use in Works Near University of Missouri
August 20, 2008
By Barbra Murray, Contributing Editor -- A 220-acre parcel near the University of Missouri's Discovery Ridge research park in Columbia is on tap to sprout a gargantuan mixed-use project. Forum Development Group, the owner of the land, recently wrapped up...

Icahn Nabs AT&T's Dallas HQ in Sale-Leaseback
August 20, 2008
By Tonie Auer, Southwest Correspondent -- Transferring its headquarters from San Antonio to Dallas, telecom giant AT&T Inc. has moved into a 37-story high-rise and sold the building in a sale-leaseback deal to Icahn Enterprises for an undisclosed amount. The...

W.P. Carey Closes $58M Sale-Leaseback in Germany
August 20, 2008
By Barbra Murray, Contributing Editor -- New York City-headquartered W.P. Carey, acting through its publicly held non-traded REITs CPA(R):15 and CPA(R):17 - Global, has completed a sale-leaseback transaction in Germany with U.K.-based automotive supplier Wagon Plc. The properties involved are...

Och-Ziff, Kolter in $1B Southeast Residential JV
August 20, 2008
By Scott Baltic, Contributing Editor -- New York-based Och-Ziff Capital Management Group and Kolter Group of West Palm Beach, Fla., have announced the formation of a $1 billion joint venture that will target residential properties in the Southeast that are...

REal Talk with Adam Perrotta-Tuesday
August 19, 2008
By Adam Perrotta, News Writer --In the latest example of a firm looking to snap up debt in the wake of the credit crunch, Apollo Real Estate Advisors has pumped up funding for its debt investment fund to $930 million....

Is Family Business a Good Idea?
August 15, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Oh what a conundrum! Family business: Should I, or shouldn't I? In my opinion there really isn't a right or wrong answer to this question. It is simply a matter of personal preference....

What to Do When Marketing Goes Wild
August 08, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Have your company's marketing initiatives wandered astray? Is the proverbial tail starting to wag the dog with respect to your current marketing campaigns? How do you know when marketing is out of control?...

Six Mistakes Real Leaders Avoid
August 01, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --I recently had a reader ask: "Is there a simple test that can be used to quickly determine an executive's leadership ability?" The short answer is yes. There are, in fact, a great...

Top Brokers Do Deals in Bad Markets, Too
July 18, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Many in the industry long for the frothy markets of 2005 when sellers experienced record low cap rates, buyers were aided by loose credit and a strong flow of funds from the capital...

Know Thy Customer
July 11, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --How well do you really know your customer? Let me put this as simply as I can. If you want to succeed in business you must be in touch with the demands of...