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BROOMFIELD, CO-The retail-anchored mixed-use development, to be located at Interstate 25 and Colorado Highway 7, has an estimated completion cost of $500 million.
PORTLAND-The locally based company plans to consolidate its operations at Catellus Development Corp.'s Southshore Corporate Park in outer northeast Portland, having signed a 15-year lease agreement there valued at more than $6 million. The agreement includes an option to purchase the property.
LOS ANGELES-The Chicago-based investment firm acquires the 62-story Downtown office tower from a subsidiary of Wells Fargo Bank through Transwestern's Aslan Realty Partners II. Terms aren't disclosed, but it's believed to be a $120-million sale.
PHILADELPHIA-Following shareholder approval of its acquisition of Crown American, the retail REIT filed a shelf registration with the SEC to sell as much as $500 million worth of stock in one or more offerings.
MAMMOTH LAKES, CA-Fifty-two one-, two-, and three-bedroom resort condominiums here--the final release of homes in Grand Sierra Lodge, the third phase of The Village at Mammoth--are sold this week at prices ranging from $380,000 to more than $1.3 million.
HOUSTON-Opus West Corp. and Alliance Communities team on the first multifamily development in Westway Park, where 2.5 million sf of office product will provide a ready tenants' pool. The 336-unit development starts delivering in spring 2004.
ATLANTA-If new zoning is approved, the Bentonville, AR-based retailer could have new superstores built five miles from one new site and 12 miles from another existing location, according to Henry County planners.
LONDON-Property magnate Leo Noe is weighing up a pounds 410 million ($696.9 million) bid for specialist London office developer, Derwent Valley Holdings.
SAN DIEGO-San Diego County has reported an unemployment rate of 4.2% for the second month in a row, according to newly published research by the California Employment Development Department.
METHUEN, MA- Dickinson Development Corp. invests $750,000 to revitalize Merrimac Plaza, its 170,000-sf shopping center on the Methuen/ Lawrence line near Route 93. The plaza also signed a number of new tenants.