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BLOOMFIELD HILLS, MI-Michigan mall REIT owners block an emergency meeting of shareholders. They can continue in their efforts to ask the legislature for relief, says judge.
CHICAGO-The Seattle-based bank, already the No. 1 residential lender in the state, will open its first 28 of 70 outlets in the market. Retail brokers report banks are likely to drive the leasing market, possibly replacing fast-food operations as the top market driver.
EL CAJON, CA-Located at 1108-1112 Broadway in El Cajon, the retail property encompasses 12,780 sf. Its tenant roster includes Rally's Quick Stop, Dollarsmart and Auto Glass.
PHOENIX-The Arizona Conservatory of Arts and Academics signs a 10-year lease for 2820 W. Kelton, once home to Honeywell's administrative offices. From layout to location, the single-story office building is a perfect fit, says the broker.
ORLANDO-In the second biggest industrial deal of its kind this year in Central Florida, Ram Development Co. pays 800 SOBT Corp. $326,087 per acre for the 23-acre, former DaimlerChrysler AG parts distribution center.
SUGAR LAND, TX-The units are rising above 27,536 sf of retail in the middle of the 32-acre Sugar Land Town Square, being developed by Sugarland Properties. The multifamily developer, Sueba USA, is to have the project done by late fall 2004.
ORLANDO-In what appear to be signs of a rejuvenated industrial investment and development market in Central Florida, Rebman Properties Inc. has brokered five sales and leasing transactions in the past 45 days.
PROVIDENCIALES, TURKS & CAICOS ISLANDS-After acquiring the Grace Bay Club for around $12 million last year, a trio of developers are halfway through a $35 million effort to renovate the resort and add an ultra-luxury condo project to the oceanfront property.
DENVER-In the third phase for the company's Riverfront Park community in Central Platte Valley, construction is set to begin this fall on a $29 million, 44-unit luxury loft project called the Delgany. The entire community will have a price tag of $1 billion when completed over the next 15 years.