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TUCSON, AZ-The Foothills Mall, one of the biggest shopping draws in the city, will undergo a major facelift to add 16,300 sf and revamp the 15-screen Cineplex. Archon Financial provided the owners with $54.8 million in a five-year, interest-only package.
ARLINGTON, TX-The 77.5-million-sf industrial district gets a shot at recovery from a 16% or higher vacancy with Arlington's school board delivering the coveted third jewel as 105 businesses kick in $7.3 million up front for the permanent inventory tax break.
TACOMA, WA-Louisiana-Pacific Corp. reaches an agreement to sell its local sawmill to Pony Lumber, which plans to keep the mill's 125 employees. The transaction is expected to close by the end of the year.
ALHMABRA, CA-Tenet Healthcare signs for 91,000 sf at the Ratkovich Co.'s one-million-sf The Alhambra office development along Fremont Avenue immediately adjacent to the San Bernardino Freeway.
HOUSTON-As companies globalize operations, simultaneous access to inter-modal transportation has put the city on the radar screen with its access to water, rail, road and air. The changing attitude of the logistics industry could bring larger buildings to town.
SAN DIEGO-New research on Downtown shows that only 202,232 sf is available in a market that currently encompasses more than three million sf of retail space.
VANCOUVER, WA-After missing its scheduled construction start date in August, the unit of May Department Stores will now begin construction of a 60,000-sf expansion at Westfield Shoppingtown Vancouver in 2005.
CAMBRIDGE, MA-In the largest life-science deal of the year, Alnylam Pharmaceuticals leases 45,000 sf at 300 Third St. The transaction involved what the brokers term a "complex negotiation.
GEORGETOWN, CT-Officials with the Georgetown Land Development Co. will use input from a planning "charrette" as a blueprint for a more than $300-million redevelopment project at the former Gilbert & Bennett Manufacturing site.