Development

OAKLAND, CA-The City of Oakland plans to sell Preservation Park, a complex of restored houses that provides office space to nonprofit organizations, to raise money for the Forest City project.

DETROIT-Lipschutz, with 11 years in the commercial real estate society, said he

ORLANDO-The 84-year-old frozen food magnate is selling one of the two parcels for $1 million per acre or $22.96 per sf. Colonial Properties Trust and CNL Financial Group Inc. are interested, area brokers tell GlobeSt.com.

SAN FRANCISCO-San Francisco Mayor Willie Brown has revealed plans for the Hunters Point Naval Shipyard redevelopment project, including 34 acres of parks and open space and 300,000-sf of commercial development.

WASHINGTON, DC-The Atlantic Building is in for a renaissance, as CarrAmerica Realty Corp. and Douglas Development announce their plans to redevelop and expand the historic downtown structure at 930 F St. Upon its scheduled 2005 completion, the corner property will feature 290,000 sf of office and retail space.

SACRAMENTO-The California Department of Food and Agriculture is opting for an expensive relocation plan during its 18-month renovation, which will completely transform the department's 76-year-old building. The double move is estimated to cost an extra $900,000, which opponents say is unnecessary.

MIAMI-The South Florida developer plans to start the 237-unit, luxury apartment community, Fairview Forest Signature Apartment Homes, in January and finish in late summer. The estimated project cost is $25 million.

DETROIT-The Michigan Economic Development Corp. agrees to arrange tax-increment financing for brownfields in three Michigan cities, where more than $350 million in private investment is expected to follow.