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LAKE JACKSON, TX-A private investor from Lukfin sells the 93%-occupied Raintree Apartments in Lake Jackson to a buyer from Englewood Cliff, NJ, in a "quietly marketed" trade that kept the deal close to the broker's black book.
LONDON-Terrace Hill Developments has achieved detailed planning consent for its 91,000-sf Temple Circus office development in Bristol city centre. Construction is due to start during the first quarter of 2004 with completion scheduled for September 2005.
ESTES PARK, CO-The Wild Basin Lodge, featuring 13 acres with river frontage, a full bar and lounge and five sleeping rooms, will be auctioned off on September 30th. A minimum bid of only $1.95 million includes not only the real estate, but also all equipment and furnishings needed to continue the business uninterrupted.
ALBANY-A New York State Supreme Court Justice has ruled that a 2001 New York State law that authorized Governor George Pataki to enter casino compacts with Indian tribes is constitutional, a decision, if upheld on appeal, could pave the way for three casinos in the Catskill region.
BURBANK, CA-With the first phase of Burbank Entertainment Village almost done, the theater chain picks Champion Development of Los Angeles to build the second phase of 209,012 sf of retail, a pedestrian plaza and two parking garages.
BOCA RATON, FL-David Lipp spent the past 12 years as a senior vice president with Grubb & Ellis in South Florida. He has more than 20 years' experience in the industry and will serve such clients as Wal-Mart, Marriott, McDonald's.
RALEIGH, NC-The new $250-million facility for the largest owner and operator of suburban office properties in the Southeast replaces a $300-million unsecured line of credit that would have expired in December.
BOSTON-The Boston Wharf Co. sells its vast real estate portfolio in the waterfront's Fort Point Channel to New York-based Tishman Speyer Properties. The deal involves 44 industrial buildings which were sold for a reported $500 million.
LOWELL, MA-MassHousing, the state's affordable housing bank, commits $14.2 million to redevelop an historic mill building in the city's downtown into Boott Mills Apartments, a 154-unit mixed-income development.
ORANGE COUNTY, CA-Asset Data Direct in Santa Ana slides into double the space, signing a 30,600-sf lease with a $1.1-million value. Fusion Partners cuts a short-term, $500,000 sublease for 42,000 sf in Costa Mesa.