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ALPHARETTA, GA-The suburban city 20 miles north of Downtown Atlanta is asking Georgia Tech researchers to analyze the difference of the city's cost in providing services to new townhome and office projects. The moratorium is in effect until March.
VIRGINIA BEACH, VA-The 176-room Hilton Garden Inn takes its place as the only hotel in the 17-block Town Center of Virginia Beach mixed-use development with an official grand opening ceremony.
BOSTON-The Archdiocese of Boston is planning to sell 28 acres of its property in the neighborhood of Brighton. The sale is reportedly part of a plan to pay off an $85 million settlement.
SCOTTSDALE, AZ-Lincoln Property Co. and Salt River DEVCO will break ground on a fifth building at the fully leased, 268,134-sf Chaparral Business Center. Pre-leasing talks have enough prospects in hand to half fill the 70,000-sf structure.
BOLINGBROOK, IL-The Denver-based company pays Prudential Insurance Co. of America nearly $5.8 million for a two-tenant, 154,340-sf building on 5.7 acres.
HOUSTON-The 30-year-old Forest West passes from one local owner to another as the seller lets go of the final asset in a nine-property portfolio bought in the early 1990s. The new owner, who stepped in after a contract fell out, plans to hike rent as leases roll.
SCITUATE, MA- Pulte Homes wants to build a 250-unit condominium complex on a 50-acre parcel between Tilden and Hatherly roads. If approved, the project would be the town's largest-ever residential project.
TORONTO-The locally based real estate investment trust acquires a 50% interest in Millcroft Shopping Centre, a 371,000-sf unenclosed retail property in Burlington, Ontario, that was constructed about five years ago and is approximatetly 97% leased.