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ATLANTA-A planned 70-unit, four-story structure by Coro Realty Advisors and Highlands Cos. next to Piedmont Park in Midtown faces opposition from preservationists who argue two 100-year-old apartment buildings shouldn't be demolished for the condo venture.
MAHOPAC, NY-The 136,000-sf Lake Plaza Shopping Center here has been sold to a Long Island-based investor for $7.7 million, according to officials with Split Rock Capital of New York City, which arranged the financing.
MASHPEE, MA-Marshalls becomes the second anchor tenant at South Cape Village development with its lease of 28,175 sf. The discount retail chain store will join Roche Bros. Supermarket in the 160,000-sf retail complex.
BLOOMINGTON, MN-Developer Jeffrey Wirth wants to build an $80 million hotel/water park complex next to the mega mall, but needs development assistance from a reluctant city of Bloomington.
PHOENIX-Cheaper lease rates allow the insurance giant to expand by 1,000 sf under a six-year agreement for 6,047 sf with a Central Avenue high-rise. Recent upgrades to the building, sign and central location factor into decision to stay.
ATLANTA-GDC Properties Inc. of Hawthorne, NY pays locally based Minerva Real Estate Co. $39 million for the suburban assets. Two of the shopping centers went for over $200 per sf. All were 100% leased.
DENVER-Peter Park, the former planning director for the city of Milwaukee, will now hold that position for this city, replacing the late Jennifer Moulton.
WALNUT CREEK, CA-Locally based Inland Mortgage Corp. recently funded three first mortgages totaling $31.48 million for the development of mixed-use centers in California and Nevada.