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ATLANTA-Local developer Stan Cameron plans Briddle Creek with 114,940 sf of commercial space, 202 townhomes and 137 single-family residences in Locust Grove, GA, according to a published report. Another developer, Lake Erma LLC, plans The Links at Walnut Creek around Lake Erma, with 630 townhomes.
ORLANDO-Apartment Realty Advisors of Boca Raton, FL cites continuing population growth and a construction slowdown of new product as factors that will keep the occupancy level in the 91% to 94% range this year.
BERKELEY, CA-The Berkeley-based value retailer adds to its 188 locations in several Western states with 17 leaseholds in Texas from Lewisville, Texas-based Fleming Companies Inc., which filed Ch. 11 bankruptcy in April.
HARRISON, NY-The Westchester Medical Group has signed a lease for 8,119 square feet at the 155,000-sf Harrison Executive Park on Westchester Avenue in the Town of Harrison.
HOUSTON-Until now, the focus has been class A and B properties priced at $10 million and up. Now, the 10-member team will be chasing class C assets with 200 or more units to tap a sector accounting for 41% of the city's 450,000-unit inventory.
PHILADELPHIA-For the second time this year, Jefferson Hospital's plans for a downtown parking garage meet opposition. Under pressure from a civic group, it sold one property. An attempt is underway to reverse the city's approval for an alternate site.
MILAN, ITALY-Initially reported in March, the transaction represents a portion of the $500 million of hotel assets that Starwood has announced it plans to sell by the end of 2003. The new owner is London-based Dorchester Group Ltd.
SAN DIEGO-The $46-million luxury apartment complex stands on a 15-acre parcel adjacent to the Ocean View Hills master-planned community in South San Diego. Its unit mix consists of one-bedroom, two-bedroom and three-bedroom designs.
FRAMINGHAM, MA-Engineering Planning and Management Inc. leases 14,688 sf on the third floor of 959 Concord St. for its headquarters. The company provides engineering, consulting, software and software services to industries and governments.
PALM BEACH GARDENS, FL-The company, which has made three South Florida acquisitions in seven months, is also planning to build a 335,000-sf mixed use shopping center and a 200,000-sf shopping center expansion later this year.