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SEATTLE-City Investors LLC, the entity that billionaire Paul Allen's Vulcan Inc. has been using to acquire real estate in the South Lake Union area, pays $21.25 million for the better part of two blocks there that are bordered by blocks it already owned.
MINNEAPOLIS-The $134 million, 335,000 sf Minneapolis Central Library is being designed by Cesar Pelli & Associates. Thornton-Tomasetti will do the structural work.
KING OF PRUSSIA, PA-When bids are opened in bankruptcy court on Oct. 7, Epic's six resorts will take the Las Vegas-based vacation property owner's portfolio to 93 and end three years of contentious legal wrangling.
WOODBRIDGE, NJ-Hoboken serves as the poster child for the state when it comes to building up an urban center, according to Steve Pozycki, chairman and CEO of SJP Properties.
CHATTANOOGA, TN-The locally based mall REIT pays $61 million in cash and debt for the 784,775-sf River Ridge Mall in Lynchburg, VA and pays $86 million in cash and debt for the 787,255-sf Valley View Mall in Roanoke.
KING OF PRUSSIA, PA-An unnamed private LLC buys the fully leased, two-building complex at 420 and 440-80 Drew Court here. The sale price is undisclosed, but the property was initially offered at just under $8.3 million.
JACKSONVILLE, FL-Belle Rive General Partner Inc. sells the 13-year-old, 104-unit property for $48,077 per unit ($59.41 per sf) to private investor Eric H. Coe. The sale comes as the apartment conversion-to-condo market heats up.
HOUSTON-A local investor passes off the title to a pair of buyers with other restaurant holdings around town. The sale closes after the 14-year tenant signs for another five years at 913 Westheimer Rd. inside the Loop.
BOSTON-The Massachusetts Turnpike Authority receives two bids in response to its request for proposals to develop parcel six, a 40,000 sf site on the surface artery between the North End and Haymarket that will be exposed once the Big Dig is completed.
ANNAPOLIS, MD-The 100-room Country Inn & Suites, Annapolis gets snapped up in a $9 million deal between seller Annapolis Hospitality LLC and buyer LDM USA Inc.