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SEATTLE-The local office of the Washington, DC-based developer, owner and manager takes over management for 610,000 sf of retail space in two area properties, Lake Forest Towne Center and Commons at Issaquah.
WELLESLEY, MA-Hastings Village, a 52-unit affordable housing project proposed six years ago for Hastings Street, receives its approval from the state's court.
LONDON-A private overseas investor has paid pounds 7 million (($11 million) for a 43,000-sf Woolworths store on Queens Square in Crawley, West Sussex. The sale price reflects an initial yield of 5.75%.
HOUSTON-Eaton Electrical holds tight to 46,813 sf with a five-year renewal in a West Little York Road building while a startup trucking company signs a short-term lease for its first location, 8,204 sf in Beltway Service Center.
TACOMA, WA-The city council next week will consider refinancing the 36,000-sf building, declaring it surplus and offering it for sale, minus the attached parking garage. The city acquired the property in 2002 for $3.7 million.
BOSTON-Baystate Financial Services renews its lease for 19,470 sf at One Exeter Plaza. The 211,000-sf property, which is located at 699 Boylston St., is nearly fully occupied with about 32,000 sf available.
COLUMBUS, OH-Locally based Rockbridge Capital LLC and the Davidson Hotel Co. of Memphis, TN puts up $27.8 million of equity and secures a first mortgage loan of $82 million to acquire 1,286 rooms in four states.
LONDON-Following nine successive quarters of decline in demand for office, retail and commercial property, the UK market appears to be stabilising according to latest RICS report.