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NEW YORK-On behalf of Corporate Property Associates 15 Inc., the corporate real estate financier completes deals with three companies that involve nine facilities in five states.
PORTLAND-The Portland Development Commission this week will put in motion a plan to acquire additional properties in the area en route to a three-block redevelopment that would add 850,000 sf of housing, office and retail space to the so-called University District.
HOUSTON-Duegro Projects USA downsizes a 22,400-sf commitment to Liberty Property Trust's office/warehouse buildings in North Houston. Tenant and building owner swap out leases for a location across the street and a new four-year term.
DENVER-In the wake of CB Richard Ellis' purchase of Insignia/ESG, three former Insignia/ESG brokers marketing the US 36 corridor between Denver and Boulder have moved to Trammell Crow. They are also responsible for beefing up Crow's downtown presence.
CHICAGO-The Australia-based retail giant takes over leasing and marketing of the 386,000-sf Magnificent Mile shopping center, which will be renamed Westfield Shoppingtown North Bridge. The John Buck Co. and Morgan Stanley Real Estate Funds retain majority ownership.
LOS ANGELES-The former Encino office sales manager takes over as the new regional manager of the LA office. Former manager Steve Stein returns to brokerage, specializing in retail properties.
DENVER-A bill that would give $10 million in federal funds to Children's Hospital is expected to be debated on the Senate floor in the coming weeks. The money would be used to help the hospital move from the Uptown neighborhood to Aurora.
HOUSTON-Bridgeview Plaza's developer finds a buyer, RDR Enterprises of Austin, before the 19,800-sf center can hit the market. The plan is to roll the proceeds into another shopping center development.
MERRIFIELD, VA-Developer LCOR Inc. makes room for the 259-unit $44 million Wilton House luxury apartment high-rise with a recent groundbreaking. Doors are expected to swing open to the initial set of occupants in February 2005.