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NEW YORK CITY-The condemnation process has been completed for the site of the proposed New York Times Building on Eighth Avenue, reveals Mary Ann Tighe at yesterday's RealShare New York.
OLYMPIA, WA-The Port of Olympia's property, bordered by State Avenue and Marine Drive, contains an old warehouse, a used car company, a boat repair business and a boat storage yard. The City of Olympia has zoned the property for mixed uses.
SAN DIEGO-This first draft, which is a culmination of 15 months of public discussions, data collection, and ongoing analysis, will be unveiled at the Downtown Community Plan Steering Committee meeting this Friday.
SKOKIE, IL-Local developers Scott Gendell and Seymour Taxman paid $8 million last year for the 6.4-acre site at 9340-9408 N. Skokie Blvd., and volunteered $1 million in concessions to win approval of a 110-unit condominium and 24,190-sf retail project.
CHAMBLEE, GA-The Stockton, CA-based developer plans to break ground before year end on The Battery at Chamblee Station, a 192-unit, class A multifamily this suburban community. First listed in 1999, the 4.16-acre tract sold for $2.7 million, or $649,038 per acre ($14.90 per sf).
PHOENIX-Wal-Mart acquires 11.7 acres at the southwest corner of 79th Avenue and Peoria from TPI Land Partnership II in a deal negotiated by RED Realty Advisors and NAI Horizon. The land acquisition comes a week after Chandler again says "no.
NEW YORK CITY-Cadwalader, Wickersham and Taft LLP, one of New York City's oldest and most prestigious law firms, has signed a 20-year, 450,000 sf lease for 1 World Financial Center.
PALM BEACH COUNTY, FL-Jeff Mooallem is president of LEAD Commercial Realty LLC, a full-service firm based here. The company's first development is expected to break ground early next year. Mooallem previously worked in development with Ram Development Co., Rendina Cos. and Developers Diversified Realty Corp.