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BELLEVUE, WA-Hardy Holzman Pfeiffer Associates is commissioned to design the $80-million, 90,000-sf multi-purpose performing arts center in the heart of Downtown Bellevue. The chief designer will be founding partner Norman Pfeiffer, a native of nearby Kirkland, WA.
CHICAGO-Previously envisioned as a condominium tower and restaurant, a 50,000-sf parking garage is sold for $4.635 million to the the Museum of Broadcast Communications, which will relocate there and build a National Radio Hall of Fame.
LEWISVILLE, TX-The latest cost-saving measure forces a retreat from Arizona, Maryland and North Carolina while Utah and Pennsylvania get scaled back. The five warehouse distribution centers generate $1 billion in annualized revenue.
HACKENSACK, NJ-The entity, Hudson Realty Capital LLC, will start off with a war chest of $100 million for loans and $40 million to finance direct real estate equity purchases.
SAN DIEGO-The company, which specializes in printing and graphic design, inks a 10-year transaction for industrial space in Harbor Center. Power Printing Inc. will take 14,600 sf in the property, which stands at 2393 Newton Ave. in San Diego.
RIDGEFIELD PARK, NJ-The deal covers the 212,000-sf 85 Challenger Rd., acquired by an affiliate of Heyman Properties from Daewoo late last year. L.J. Melody arranged the financing package.
LOS ANGELES-SK Management Co., Westside Rehab Corp. and Alpha Property Management Inc. agree to $100,000 in civil penalties and a $60,000 contribution to children's health programs to end litigation affecting more than 4,600 US apartments.
ATLANTA-Post Properties Inc. aren't impressed by former company chairman John A. Williams' latest choice for CEO of the company. Edward Lowenthal is director of New York-based Wellsford Real Properties Inc.
TACOMA, WA-Nearon Enterprises of Danville, CA wins the competition to develop a hotel and condominium development along Downtown Tacoma's Foss Waterway.