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San Antonio RE News

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Commercial Real Estate news
  • Varsity Investment plans to invest $25 million in the vacant office building in Oxon Hill.

  • Two firms last year jointly proposed building an eight-story, 230,000-square-foot office atop the parking garage at 321 Harrison Ave., a proposal that was approved by the former Boston Redevelopment Authority but was never built.

  • The Fairway Shops at Kaanapali on Maui recently sold for nearly $14 million in a leasehold transaction. The 35,491-square-foot retail center, whose tenants include Whalers General Store, Maui Adventure Group and One Main Financial, was sold to Fairway Shops Maui LLC for $13.97 million, which was above the asking price, according to CBRE. Matt Bittick of CBRE Hawaii represented the seller, Jupiter Holdings, along with Phil Voorhees of National Retail Partners.

  • American Fast Freight has purchased a 26,153-square-foot warehouse in West Oahu from Kraft Heinz Foods Co. for $7.1 million. “Kraft Heinz closed its Oahu facility after an extensive review of its North American distribution network, following the company’s merger,” Michael Mullen, senior vice president of corporate & government affairs at Kraft Heinz, said in a statement. Kraft Heinz will service customers through its California operations, the company said. The warehouse sits on 2.36 acres…

  • The bidding war is on for a $5 billion second headquarters for Inc. (Nasdaq: AMZN) with scores of states and regions looking to land the 50,000-employee site selection. Bids from Arizona could be hampered because the state doesn’t have the big incentive war chest and doesn’t craft big tax breaks for individual companies like Texas gave to Apple (Nasdaq: AAPL), Nevada gave to Tesla Inc. (Nasdaq: TSLA) and the $3 billion Wisconsin just approved to land Foxconn Technology Group. Nathan…