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CHANDLER, AZ-Countrywide Financial acquires Chandler Commons, 80,000 sf of shell space, all class A and sitting on 26 acres. The final contract includes an 18-month option for an extra 10 acres.
SAN DIEGO, CA-San Diego Mayor Dick Murphy chooses Cameron Duncan and Dale Naegle as new appointees to the Board of Building Appeals and Advisors. They will join reappointed members Michael Furby, Tony Kan and John Littrell on the board.
ATLANTA-In the county's largest single residential sale ever, owner-developer J.T. Williams and his three sons sold the one-year-old, 348-unit St. Ives complex to Conner and Murphy Properties of Ohio for an average of $68,966 per unit.
NEWPORT BEACH, CA-A Newport Beach company will develop four buildings totaling 54,000 sf of speculative office space for sale to owner-users. The listing broker says activity is already brisk.
WALNUT CREEK, CA-Having already added 18 new employees this year to service new national account business, the Dallas-based manager of corporate real estate portfolios is branching out from servicing users of office and industrial space with a new retail division.
CHICAGO-The northwest corner of 35th and Halsted streets, a focal point of the Southwest Side community, will get 17,655 sf of retail space and 66 one- and two-bedroom condominiums partly as a result of $2.6 million in tax increment financing.
GREAT NECK, NY-In four separate transactions, BRT Realty Trust closes $26.6 million in loans for multifamily properties located in Manhattan, Delaware, Tampa and North Carolina.