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RANCHO CUCAMONGA, CA-The city planning commission unanimously backs plans for the Robinsons-May store, which will join theaters and community facilities as anchors of the 1.3-million-sf Victoria Gardens.
PLANO, TX-The winner is a Portland investor who uses 1031 Exchange money and financing from KeyBank to acquire to Coit Corners, a three-year-old, fully leased center representative of today's hot ticket. The seller gets the full ask of $3.4 million.
SALT LAKE CITY-The Jordan Landing Shopping Center, which got underway in 1999, will encompass about 1.4 million sf upon completion in the 1st quarter of 2004, making it the largest open-air retail development in the State of Utah.
WOODBURN, OR-After being put on hold following the events of Sept. 11, 2001, construction is underway for a slightly smaller expansion of the Woodburn Company Stores outlet mall between Portland and Salem in Interstate 5.
PASADENA, TX-A Houston investor is ramping up a plan for a major rehab, including individual meters, for the Vista Del Sol, an 82%-leased complex with an 48 cents per sf rent that is sure to change as the leases roll.
PLEASANTON, CA-The Pleasanton-based technology firm specializing in business-to-business electronic commerce says it is vacating and subleasing its 153,000-sf headquarters in an effort to control costs and stay afloat. Seven of the company's 12 leaseholds are currently unoccupied.
LOS ANGELES-California Landmark Development of Los Angeles and the Fifield Cos. of Chicago move a step closer to their 23-story luxury tower. Armed with $81.8 million in financing, the JV starts construction in late fall.
LONDON-Chelsfield has confirmed it is in bid talks with a management team led by chairman Elliott Bernerd that could value the company at about pounds 850 million ($1.4 billion).
CHANDLER, AZ-Michael A. Pollack has capped another turnaround of a metro retail property, slashing the one-time 50% vacancy to 2% in the 179,077 sf of shadow space at the Mervyn's-anchored center. The repositioning brought seven new tenants.
CHICAGO-A two-acre site in the 1000 block of W. Van Buren St. will see a 29-story, 198-unit condominium tower while five industrial buildings will be rehabbed into 292 multifamily rental units by Premier Center LLC and Neumann Homes Inc.