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GREENWOOD VILLAGE, CO-Trumping an earlier unsolicited $1.82 billion offer from real estate financier Sam Zell's Manufactured Home Communities, Hometown America will buy Chateau Communities for $2.2 billion.
FORT LAUDERDALE-Football great Dan Marino has signed a three-year contract to market the planned four-tower condominium development, of which three towers are under construction.
PORTLAND-The San Francisco-based financial services firm renews its lease for the fifth floor of the massive class B office building in Northwest Portland while at the same time preparing to vacate a smaller space on the eighth floor. Wells Fargo occupies about 165,000 sf in the U-shaped 790,000-sf structure.
LONDON-Littlewoods plans a 20-million-pounds ($33 million) investment in new offices in Liverpool, to the delight of the Liverpool Land Development Company
SAN DIEGO-Approximately 70 people attended the second public workshop regarding the city's community plan update. The results of last week's meeting reflected much of the attitudes expressed at the first workshop held May 17th.
PASADENA, CA-Furst Enterprises of Culver City strikes a deal with Jurgensen's Market to take over the fully leased, two-building center sitting on a prime corner of the busy intersection of South Lake Avenue and California Boulevard.
ATLANTA-MARTA station areas win 20% of the federal transportation grants, distributed by the Atlanta Regional Commission, to 25 area communities to help them create active retail, commercial and multifamily ventures in blighted corridors.
LOS ANGELES-Dr. David Lee, founder of Jamison Properties, acquires a 78,463-sf office building in West Los Angeles and a mixed-use building in Downtown LA. The 70%-occupied office building took the lion's share of the capital outlay.
BELLEVUE, WA-Michael O'Brien of Mercer Island is in talks with the City of Bellevue to acquire the 10.74-acre parcel at Main Street and 116th Avenue Southeast that holds Bellevue City Hall, the Leavitt Building and the Police Annex for $24.69 million.
HOUSTON-A Houston investment group buys three acres near Hobby Airport in the southeast submarket while a businessman takes control of about 2.3 acres in the far northwest quadrant. Both tracts appear destined for industrial development.