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VALENCIA, CA-The LA County Supervisors give the nod to the land company's blueprint for a master-planned community of 5.5 million sf of commercial, industrial and office development and up to 20,885 homes.
SEATTLE-The project will result in a 42-story office tower for Washington Mutual and a 12-story building for the Seattle Art Museum that will be connected to its existing museum building. Construction is expected to begin in early 2004 and end in 2006.
PHOENIX-Seller Walden Residential collects the check for the 268-unit, class B property at 5454 W. Indian Rd. in West Phoenix. The units, which rent for $389 to $479 per month, were 93.8% occupied at sale time.
DICKINSON, TX-A Dallas investor sells the lone Houston-area asset to another investor, also from Dallas, for about $3.5 million. With the deal done, the new owner is planning a major overhaul as the search begins for a new anchor.
DENVER-The University of Denver's Franklin L. Burns School of Real Estate and Construction Management has named Bruce Etkin and David Johnson as honorary deans. The two merged their companies, Etkin Equities and David Johnson Group, in 1999.
BRAINTREE, MA-In a series of deals that could be seen as a demonstration of the growing strength of the Route 128/South market, seven companies sign leases at 300 Granite St. taking a total of 28,568 sf of space.
LONDON-With the number of high-priced properties increasing and the UK's largest lot ever to go under the hammer at Allsop's sale, auctions are the darling of London's agents
MIAMI-Neo Concepts LLC is developing NeoVertika at 690 SW First Court with approximately 20,000 sf of retail space. Some of the 443 units--the splits--will feature 20-foot-high ceilings and two levels.
SKOKIE, IL-Barnes & Noble, Best Buy, CompUSA, OfficeMax, PetsMart, Ulta and Michaels co-anchor the former AT&T warehouse is sold for $80.77 million by a joint venture of Hamilton Partners Inc. and Greenfield Partners LLC.
TROY, MI-A new store will be built over the main entrance to Oakland Mall. The city reluctantly allowed the fourth parking cutback in 26 years for the site to enable construction of the store.